MercadoLibre, Inc. $MELI Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,857 shares of the company’s stock after selling 10,852 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in MercadoLibre were worth $18,429,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Sarasin & Partners LLP increased its stake in shares of MercadoLibre by 1.9% during the second quarter. Sarasin & Partners LLP now owns 71,555 shares of the company’s stock worth $121,457,000 after purchasing an additional 1,305 shares in the last quarter. Evanson Financial LLC purchased a new position in MercadoLibre in the 2nd quarter valued at about $205,000. Dynamic Advisor Solutions LLC boosted its holdings in MercadoLibre by 0.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,227 shares of the company’s stock worth $2,083,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MercadoLibre by 38.9% in the 2nd quarter. GAMMA Investing LLC now owns 132 shares of the company’s stock worth $224,000 after buying an additional 37 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in MercadoLibre by 3,050.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 63 shares of the company’s stock worth $107,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.5%

Shares of MercadoLibre stock opened at $1,820.69 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $1,747.86 and its 200-day simple moving average is $1,797.03. The stock has a market cap of $92.31 billion, a P/E ratio of 49.52, a P/E/G ratio of 1.13 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.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, beating the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 27.60% and a net margin of 5.30%.The firm had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same quarter last year, the firm earned $10.31 earnings per share. The business’s revenue for the quarter was up 49.8% on a year-over-year basis. Analysts predict that MercadoLibre, Inc. will post 41 EPS for the current fiscal year.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought 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 in the company, valued at $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

Trending Headlines about MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Q2 results exceeded expectations. Revenue increased 49.8% year over year to $10.17 billion, surpassing estimates of $9.79 billion, while earnings of $9.19 per share beat consensus. Growth was broad-based across commerce, fintech and advertising. MercadoLibre’s Q2 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Engagement and ecosystem momentum remain strong. MercadoLibre surpassed $10 billion in quarterly revenue for the first time, with record payment volumes, increased unique buyers and stronger interaction between its marketplace and financial-services products. Lowering Brazil’s free-shipping threshold reportedly converted monthly shoppers into more frequent users. Mercado Libre Free Shipping Converts Monthly Shoppers Into Daily Active Users
• Positive Sentiment: Analysts remain constructive. Cantor Fitzgerald raised its price target to $2,300 and maintained an overweight rating, while BTIG reaffirmed its buy rating with a $2,150 target. Analyst Rating and Price Target Updates
• Neutral Sentiment: Management is prioritizing long-term scale over near-term margins. Spending on free shipping, first-party inventory, credit-card issuance, artificial intelligence and lower-end customer acquisition is intended to deepen loyalty and expand MercadoLibre’s competitive moat. MercadoLibre Q2 Earnings Call Focuses on Engagement Over Margin
• Negative Sentiment: Profitability is the central concern. Margin compression, higher costs and rising nonperforming loans caused net profit to decline for a third consecutive quarter. Although management characterizes the pressure as strategic and temporary, investors appear concerned that reinvestment may take longer to translate into earnings and cash flow. MercadoLibre’s Net Profit Beats Estimates Despite Third Straight Decline

Analysts Set New Price Targets

A number of brokerages have commented on MELI. Cantor Fitzgerald increased their target price on MercadoLibre from $2,150.00 to $2,300.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a research report on Thursday, July 2nd. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Citigroup raised their price objective on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $2,100.00 target price on shares of MercadoLibre in a research note on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

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.