MercadoLibre, Inc. $MELI Shares Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 18.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 28,461 shares of the company’s stock after purchasing an additional 4,435 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in MercadoLibre were worth $49,209,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Bison Wealth LLC acquired a new stake in MercadoLibre during the 4th quarter worth $206,000. Empowered Funds LLC increased its position in MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after acquiring an additional 49 shares during the period. Focus Partners Wealth raised its stake in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after acquiring an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre during the 2nd quarter worth approximately $261,000. Finally, Gamco Investors INC. ET AL lifted its position in MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after acquiring an additional 30 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This represents a 12.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MELI. Morgan Stanley dropped their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and decreased their price target for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Barclays reduced their price objective 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. Finally, Benchmark lowered their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,683.13 on Tuesday. The firm has a market capitalization of $85.33 billion, a P/E ratio of 44.42, a PEG ratio of 1.03 and a beta of 1.36. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company’s fifty day moving average is $1,684.47 and its two-hundred day moving average is $1,838.79. 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 posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period last year, the company earned $9.74 earnings per share. Analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

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.