Runnymede Capital Advisors Inc. Takes $1.53 Million Position in MercadoLibre, Inc. $MELI

Runnymede Capital Advisors Inc. acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 757 shares of the company’s stock, valued at approximately $1,525,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Weitz Investment Management Inc. purchased a new stake in shares of MercadoLibre in the third quarter valued at $8,647,000. Barlow Wealth Partners Inc. grew its position in shares of MercadoLibre by 126.7% in the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after purchasing an additional 6,429 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of MercadoLibre by 14.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock valued at $202,610,000 after purchasing an additional 10,849 shares during the period. Principal Financial Group Inc. grew its position in shares of MercadoLibre by 18.7% in the third quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock valued at $112,414,000 after purchasing an additional 7,570 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of MercadoLibre by 5.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,560 shares of the company’s stock valued at $27,015,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Trending Headlines about MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Jefferies upgraded MELI to Buy, arguing that recent investments into logistics, payments and technology are strengthening revenue drivers and should pay off over time. Read More.
• Positive Sentiment: Jefferies set a $2,600 price target and highlighted the investment-led thesis; the upgrade has renewed investor interest and supports a re-rating of the stock. Read More.
• Positive Sentiment: Brokerage coverage is broadly supportive: MELI carries a consensus rating of “Moderate Buy,” which reinforces the positive sentiment from the Jefferies call. Read More.
• Neutral Sentiment: Market reports note MELI recently outperformed the broader market, reflecting short-term momentum following the analyst activity rather than new company-specific disclosures. Read More.
• Negative Sentiment: Some coverage highlights conflicting analyst views on MELI and residual risks (execution, margin pressure from investments), signaling that not all analysts are aligned on valuation upside. Read More.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. UBS Group reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Morgan Stanley reduced their target price on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the company from $2,800.00 to $2,600.00 in a report on Tuesday. Barclays reduced their target price on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Finally, BTIG Research reduced their target price on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,695.33.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $1,775.74 on Thursday. The business’s fifty day moving average price is $1,830.97 and its 200 day moving average price is $2,027.01. The stock has a market capitalization of $90.03 billion, a P/E ratio of 45.07, a PEG ratio of 0.90 and a beta of 1.49. MercadoLibre, Inc. has a twelve month low of $1,593.21 and a twelve month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The company had revenue of $8.76 billion for the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. As a group, research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share 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.