Generation Investment Management LLP Has $802.38 Million Stock Position in MercadoLibre, Inc. $MELI

Generation Investment Management LLP raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 472,716 shares of the company’s stock after buying an additional 15,090 shares during the quarter. MercadoLibre comprises about 7.8% of Generation Investment Management LLP’s holdings, making the stock its 4th largest position. Generation Investment Management LLP owned 0.93% of MercadoLibre worth $802,383,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Flossbach Von Storch SE raised its holdings in shares of MercadoLibre by 0.4% in the 2nd quarter. Flossbach Von Storch SE now owns 187,847 shares of the company’s stock valued at $318,850,000 after acquiring an additional 713 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab grew its holdings in shares of MercadoLibre by 6.2% during the second quarter. Danica Pension Livsforsikringsaktieselskab now owns 5,959 shares of the company’s stock worth $10,115,000 after purchasing an additional 347 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of MercadoLibre by 134.7% during the second quarter. Diversify Advisory Services LLC now owns 528 shares of the company’s stock worth $961,000 after purchasing an additional 303 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of MercadoLibre in the second quarter worth approximately $1,073,000. Finally, Figure 8 Investment Strategies LLC bought a new position in shares of MercadoLibre in the second quarter worth approximately $1,351,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,908.65 on Thursday. The stock’s 50-day moving average is $1,780.15 and its 200 day moving average is $1,776.50. The stock has a market cap of $96.77 billion, a price-to-earnings ratio of 51.91, a P/E/G ratio of 1.22 and a beta of 1.34. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the prior year, the firm earned $10.31 earnings per share. MercadoLibre’s revenue for the quarter was up 49.8% on a year-over-year basis. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’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 purchase, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark dropped their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a report on Friday, May 8th. Finally, Barclays cut their target price on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,272.00.

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.