Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 600 Shares of MercadoLibre, Inc. $MELI

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 5.5% during the third quarter, Holdings Channel reports. The institutional investor owned 11,560 shares of the company’s stock after buying an additional 600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MercadoLibre were worth $27,015,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre during the 3rd quarter worth approximately $35,000. Highline Wealth Partners LLC boosted its stake in MercadoLibre by 366.7% in the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after purchasing an additional 11 shares during the period. Curio Wealth LLC boosted its stake in MercadoLibre by 1,400.0% in the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after purchasing an additional 14 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in MercadoLibre in the 2nd quarter valued at $39,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MELI. Benchmark dropped their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Barclays lifted their price objective on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Morgan Stanley increased their target price on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,842.94.

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 transaction of $503,778.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated Friday, December 12th. The shares were 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 sold 1,136 shares of company stock valued at $2,308,788. Corporate insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $2,098.85 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The company has a market cap of $106.41 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.42. The company has a 50 day moving average of $2,050.08 and a 200-day moving average of $2,242.75. MercadoLibre, Inc. has a 1-year low of $1,723.90 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period last year, the business earned $7.83 earnings per share. The business’s revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.