Capital International Ltd. CA Buys 2,919 Shares of MercadoLibre, Inc. $MELI

Capital International Ltd. CA boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,168 shares of the company’s stock after purchasing an additional 2,919 shares during the period. MercadoLibre makes up 1.1% of Capital International Ltd. CA’s portfolio, making the stock its 22nd largest position. Capital International Ltd. CA’s holdings in MercadoLibre were worth $32,567,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $2,100.00 target price on shares of MercadoLibre in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research report on Friday, May 8th. Benchmark lowered their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Wedbush lowered their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Trading Down 1.7%

Shares of MercadoLibre stock opened at $1,607.80 on Friday. The company’s fifty day simple moving average is $1,720.81 and its 200-day simple moving average is $1,887.84. The stock has a market capitalization of $81.52 billion, a PE ratio of 42.43, a P/E/G ratio of 0.99 and a beta of 1.36. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14.

MercadoLibre (NASDAQ:MELI) last issued its quarterly 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 business had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.74 EPS. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

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.