MercadoLibre, Inc. $MELI Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 187,847 shares of the company’s stock after acquiring an additional 713 shares during the quarter. MercadoLibre makes up about 1.4% of Flossbach Von Storch SE’s portfolio, making the stock its 22nd biggest holding. Flossbach Von Storch SE’s holdings in MercadoLibre were worth $318,850,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MELI. Bison Wealth LLC acquired a new stake in MercadoLibre in the 4th quarter worth about $206,000. Empowered Funds LLC boosted its stake in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after acquiring an additional 178 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MercadoLibre during the second quarter worth approximately $261,000. Finally, Gamco Investors INC. ET AL increased its position in shares of MercadoLibre by 21.4% during the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, 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 at this link. 0.26% of the stock is currently owned by company insiders.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,908.65 on Thursday. The company’s 50-day moving average is $1,780.15 and its two-hundred day moving average is $1,776.50. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $96.77 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 1.22 and a beta of 1.34.

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

Analysts Set New Price Targets

MELI has been the topic of a number of research reports. Morgan Stanley decreased their price objective 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. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research report on Friday, May 8th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 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 note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average target price of $2,272.00.

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.