MercadoLibre, Inc. $MELI Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.7% in the 3rd quarter, Holdings Channel reports. The fund owned 134,429 shares of the company’s stock after acquiring an additional 3,526 shares during the quarter. MercadoLibre accounts for approximately 0.5% of Universal Beteiligungs und Servicegesellschaft mbH’s portfolio, making the stock its 23rd biggest position. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in MercadoLibre were worth $314,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Lavaca Capital LLC raised its stake in shares of MercadoLibre by 140,201.3% during the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock worth $2,786,888,000 after purchasing an additional 1,065,530 shares during the last quarter. Norges Bank acquired a new stake in shares of MercadoLibre in the 2nd quarter worth $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of MercadoLibre by 304.7% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after acquiring an additional 192,071 shares in the last quarter. Durable Capital Partners LP raised its holdings in MercadoLibre by 155.3% during the second quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock worth $386,775,000 after purchasing an additional 90,026 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in MercadoLibre by 7.0% in the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock valued at $3,228,460,000 after purchasing an additional 81,124 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,136 shares of company stock valued at $2,308,788 in the last ninety days. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MELI shares. Morgan Stanley raised their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Barclays increased their price target on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. UBS Group lowered their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Finally, Citigroup reduced their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,842.94.

MercadoLibre Stock Down 1.9%

MELI stock opened at $2,034.82 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22. The firm has a market capitalization of $103.17 billion, a PE ratio of 49.65, a P/E/G ratio of 1.03 and a beta of 1.42. The company’s 50 day simple moving average is $2,047.77 and its 200-day simple moving average is $2,229.15.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the company posted $7.83 EPS. MercadoLibre’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share 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.