DJE Kapital AG Takes $19.62 Million Position in MercadoLibre, Inc. $MELI

DJE Kapital AG purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,776 shares of the company’s stock, valued at approximately $19,619,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC lifted its position in MercadoLibre by 238.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock valued at $4,089,000 after purchasing an additional 1,430 shares during the last quarter. Weitz Investment Management Inc. bought a new stake in MercadoLibre in the 3rd quarter valued at about $8,647,000. Deepwater Asset Management LLC lifted its position in MercadoLibre by 38.6% in the 4th quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock valued at $15,641,000 after purchasing an additional 2,164 shares during the last quarter. TIAA Trust National Association lifted its position in MercadoLibre by 10.9% in the 4th quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock valued at $22,179,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Integrated Financial Solutions Inc. lifted its position in MercadoLibre by 129.7% in the 4th quarter. Integrated Financial Solutions Inc. now owns 2,109 shares of the company’s stock valued at $4,248,000 after purchasing an additional 1,191 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.4%

MELI stock opened at $1,610.00 on Friday. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The company has a market capitalization of $81.63 billion, a price-to-earnings ratio of 42.49, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The firm’s 50-day moving average is $1,718.27 and its two-hundred day moving average is $1,875.83. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the firm earned $9.74 earnings per share. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and dropped their price target for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. UBS Group dropped their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

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.