Capital International Sarl Has $65.29 Million Stock Holdings in MercadoLibre, Inc. $MELI

Capital International Sarl grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,416 shares of the company’s stock after buying an additional 6,015 shares during the quarter. MercadoLibre makes up about 1.0% of Capital International Sarl’s investment portfolio, making the stock its 21st biggest position. Capital International Sarl owned 0.06% of MercadoLibre worth $65,294,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MELI. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre during the fourth quarter worth about $26,000. Darwin Wealth Management LLC bought a new stake in MercadoLibre during the second quarter worth about $29,000. Curio Wealth LLC bought a new stake in MercadoLibre during the fourth quarter worth about $30,000. Holos Integrated Wealth LLC bought a new stake in MercadoLibre during the fourth quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in MercadoLibre during the third quarter worth about $35,000. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on MELI shares. Barclays decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Morgan Stanley decreased their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and decreased their price target for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Activity at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

MercadoLibre Trading Down 1.7%

MELI opened at $1,607.80 on Friday. The firm’s fifty day moving average is $1,720.81 and its two-hundred day moving average is $1,887.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market cap of $81.52 billion, a PE ratio of 42.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter last year, the business posted $9.74 earnings per share. Equities research analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current year.

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.