Aviva PLC Has $130.94 Million Stock Position in MercadoLibre, Inc. $MELI

Aviva PLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,004 shares of the company’s stock after purchasing an additional 2,312 shares during the quarter. Aviva PLC owned 0.13% of MercadoLibre worth $130,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MELI. Miller Financial Services LLC boosted its holdings in shares of MercadoLibre by 52.2% in the 4th quarter. Miller Financial Services LLC now owns 353 shares of the company’s stock worth $711,000 after acquiring an additional 121 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $4,995,000. Great Valley Advisor Group Inc. boosted its holdings in shares of MercadoLibre by 18.1% in the 4th quarter. Great Valley Advisor Group Inc. now owns 280 shares of the company’s stock worth $564,000 after acquiring an additional 43 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in shares of MercadoLibre by 54.8% in the 4th quarter. Kovack Advisors Inc. now owns 1,074 shares of the company’s stock worth $2,163,000 after acquiring an additional 380 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of MercadoLibre by 4.5% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 813 shares of the company’s stock worth $1,638,000 after acquiring an additional 35 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on MELI shares. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research report on Wednesday, May 13th. UBS Group dropped their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Finally, Daiwa Securities Group cut shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,610.00 on Friday. The firm has a fifty day moving average of $1,718.27 and a two-hundred day moving average of $1,875.83. The stock has a market capitalization of $81.63 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 EPS 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 the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.74 EPS. As a group, equities research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

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.