Mediolanum International Funds Ltd Grows Position in MercadoLibre, Inc. $MELI

Mediolanum International Funds Ltd increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,270 shares of the company’s stock after acquiring an additional 3,681 shares during the quarter. Mediolanum International Funds Ltd’s holdings in MercadoLibre were worth $40,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bison Wealth LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $206,000. Empowered Funds LLC lifted its position in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth boosted its stake in MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after buying an additional 178 shares during the last quarter. Sivia Capital Partners LLC bought a new position in MercadoLibre during the second quarter valued at approximately $261,000. Finally, Pure Financial Advisors LLC grew its holdings in MercadoLibre by 9.2% during the 2nd quarter. Pure Financial Advisors LLC now owns 119 shares of the company’s stock valued at $312,000 after buying an additional 10 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Insider Activity at MercadoLibre

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’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. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 257 shares of the company’s stock, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,136 shares of company stock worth $2,308,788. Insiders own 0.25% of the company’s stock.

MercadoLibre Stock Down 3.2%

NASDAQ MELI opened at $2,147.79 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a 52 week low of $1,723.90 and a 52 week high of $2,645.22. The firm has a market capitalization of $108.89 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 1.10 and a beta of 1.42. The company has a fifty day moving average of $2,073.01 and a two-hundred day moving average of $2,216.89.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share 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 analysts’ expectations of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the company posted $7.83 EPS. On average, analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on MELI shares. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Morgan Stanley boosted their price target 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. Wedbush lowered their price objective on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Cantor Fitzgerald reduced 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, Susquehanna decreased their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,876.88.

MercadoLibre Company 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.