Annis Gardner Whiting Capital Advisors LLC Acquires 856 Shares of MercadoLibre, Inc. $MELI

Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 42,800.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 858 shares of the company’s stock after acquiring an additional 856 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in MercadoLibre were worth $2,005,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. lifted its position 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. 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 buying an additional 14 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new stake in MercadoLibre in the second quarter valued at $39,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MELI stock opened at $2,268.60 on Thursday. The company has a 50 day moving average price of $2,062.72 and a 200 day moving average price of $2,219.72. MercadoLibre, Inc. has a fifty-two week low of $1,723.90 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a market capitalization of $115.02 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.42.

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

Insider Activity at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,136 shares of company stock worth $2,308,788 over the last 90 days. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MELI. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. 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. Citigroup reduced their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Benchmark decreased their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,842.94.

MercadoLibre 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.