MASTERINVEST Kapitalanlage GmbH Invests $3.22 Million in MercadoLibre, Inc. $MELI

by · The Markets Daily

MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 1,231 shares of the company’s stock, valued at approximately $3,217,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC purchased a new stake in MercadoLibre in the 4th quarter valued at about $206,000. Vanguard Group Inc. increased its position in shares of MercadoLibre by 1.2% during the first quarter. Vanguard Group Inc. now owns 208,190 shares of the company’s stock valued at $406,152,000 after acquiring an additional 2,562 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in MercadoLibre during the first quarter worth $259,000. HighTower Advisors LLC lifted its holdings in MercadoLibre by 49.5% during the first quarter. HighTower Advisors LLC now owns 7,858 shares of the company’s stock worth $15,329,000 after acquiring an additional 2,603 shares during the period. Finally, Vestmark Advisory Solutions Inc. purchased a new position in MercadoLibre in the first quarter worth $390,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction on 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 sale, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.25% of the company’s stock.

MercadoLibre Trading Down 0.2%

NASDAQ:MELI opened at $2,015.89 on Friday. The company has a market cap of $102.21 billion, a P/E ratio of 49.19, a P/E/G ratio of 1.45 and a beta of 1.42. MercadoLibre, Inc. has a 1 year low of $1,646.00 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s fifty day moving average price is $2,121.14 and its two-hundred day moving average price is $2,314.90.

MercadoLibre (NASDAQ:MELI – Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the prior year, the business earned $7.83 EPS. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MELI. BTIG Research reaffirmed a “buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research report on Thursday, December 4th. Benchmark reduced 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 report on Thursday, October 30th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Barclays boosted their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,848.82.

View Our Latest Stock Report on MELI

MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

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