Capital World Investors Acquires 22,659 Shares of MercadoLibre, Inc. $MELI

Capital World Investors lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,740,129 shares of the company’s stock after purchasing an additional 22,659 shares during the period. Capital World Investors owned about 3.43% of MercadoLibre worth $4,067,194,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital International Sarl lifted its holdings in MercadoLibre by 5.0% during the third quarter. Capital International Sarl now owns 26,401 shares of the company’s stock worth $61,698,000 after buying an additional 1,253 shares during the period. Capital International Inc. CA raised its position in shares of MercadoLibre by 1.7% in the 3rd quarter. Capital International Inc. CA now owns 52,730 shares of the company’s stock worth $123,227,000 after acquiring an additional 869 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of MercadoLibre by 13.2% during the 3rd quarter. Bank of Montreal Can now owns 17,673 shares of the company’s stock worth $41,301,000 after purchasing an additional 2,063 shares during the last quarter. Legal & General Group Plc boosted its position in MercadoLibre by 5.5% during the third quarter. Legal & General Group Plc now owns 239,692 shares of the company’s stock valued at $560,146,000 after purchasing an additional 12,465 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in MercadoLibre by 48.0% during the third quarter. Banque Cantonale Vaudoise now owns 1,640 shares of the company’s stock valued at $3,833,000 after purchasing an additional 532 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MELI has been the subject of a number of recent research reports. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Morgan Stanley cut their price objective on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. BTIG Research lowered their target price on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,762.00.

Insiders Place Their Bets

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director owned 257 shares in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by insiders.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,769.52 on Tuesday. The company has a 50 day moving average price of $2,019.51 and a 200 day moving average price of $2,135.12. The firm has a market capitalization of $89.71 billion, a P/E ratio of 44.91, a PEG ratio of 0.90 and a beta of 1.48. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 52 week low of $1,654.24 and a 52 week high of $2,645.22.

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 analysts’ consensus estimates of $11.66 by ($0.63). The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.61 EPS. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre Company Profile

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.