Rathbones Group PLC Buys 362 Shares of MercadoLibre, Inc. $MELI

Rathbones Group PLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,706 shares of the company’s stock after acquiring an additional 362 shares during the period. Rathbones Group PLC’s holdings in MercadoLibre were worth $22,682,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MELI. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre in the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of MercadoLibre during the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. boosted its holdings in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after buying an additional 8 shares during the period. Rothschild Investment LLC grew its stake in MercadoLibre by 35.7% in the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after buying an additional 5 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in MercadoLibre in the 3rd quarter valued at $47,000. 87.62% of the stock is owned by institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MELI. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. UBS Group dropped their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. cut their price objective on MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Weiss Ratings downgraded MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Finally, Barclays dropped their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,785.33.

MercadoLibre Stock Up 0.4%

NASDAQ MELI opened at $1,787.86 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a 50-day simple moving average of $2,024.42 and a 200 day simple moving average of $2,139.12. MercadoLibre, Inc. has a twelve month low of $1,654.24 and a twelve month high of $2,645.22. The stock has a market cap of $90.64 billion, a PE ratio of 45.38, a PEG ratio of 0.90 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $12.61 earnings per share. On average, research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

About MercadoLibre

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.