Donaldson Capital Management LLC Acquires 1,055 Shares of MercadoLibre, Inc. $MELI

Donaldson Capital Management LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 65.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,678 shares of the company’s stock after buying an additional 1,055 shares during the quarter. Donaldson Capital Management LLC’s holdings in MercadoLibre were worth $6,258,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Jackson Wealth Management LLC bought a new position in MercadoLibre in the second quarter valued at approximately $499,000. Highview Capital Management LLC DE acquired a new stake in shares of MercadoLibre in the 2nd quarter valued at approximately $559,000. Resona Asset Management Co. Ltd. grew its stake in shares of MercadoLibre by 4.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock valued at $39,900,000 after buying an additional 585 shares in the last quarter. Jennison Associates LLC increased its holdings in MercadoLibre by 7.0% during the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after buying an additional 81,124 shares during the last quarter. Finally, Achmea Investment Management B.V. raised its position in MercadoLibre by 10.9% during the second quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock worth $13,921,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 3.2%

Shares of NASDAQ:MELI opened at $2,147.79 on Friday. MercadoLibre, Inc. has a 12-month low of $1,723.90 and a 12-month high of $2,645.22. The business has a 50 day moving average of $2,073.01 and a 200-day moving average of $2,216.89. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The stock has a market cap of $108.89 billion, a PE ratio of 52.41, a P/E/G ratio of 1.10 and a beta of 1.42.

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Benchmark cut their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. UBS Group reduced their price target on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a report on Monday, November 24th. JPMorgan Chase & Co. boosted their price target on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,876.88.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre 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 completion of the sale, the director owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is currently owned by corporate insiders.

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.