Swiss Life Asset Management Ltd Increases Stock Holdings in MercadoLibre, Inc. $MELI

Swiss Life Asset Management Ltd lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,272 shares of the company’s stock after buying an additional 414 shares during the period. Swiss Life Asset Management Ltd’s holdings in MercadoLibre were worth $16,662,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wilkinson Global Asset Management LLC boosted its position in MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after purchasing an additional 5 shares during the last quarter. Hardy Reed LLC boosted its position in MercadoLibre by 4.0% in the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock worth $306,000 after purchasing an additional 5 shares during the last quarter. Rothschild Investment LLC boosted its position in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the last quarter. Interchange Capital Partners LLC boosted its position in MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock worth $490,000 after purchasing an additional 5 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in MercadoLibre by 2.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock worth $605,000 after purchasing an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MELI shares. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Barclays cut their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Cantor Fitzgerald cut their price objective on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,442.00.

MercadoLibre News Summary

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Michael Burry reportedly bought MercadoLibre after the post-earnings weakness, which may signal that some investors see the pullback as a buying opportunity. MELI stock rises overnight after post-earnings tumble: Michael Burry buys the dip even as analysts flag caution
• Positive Sentiment: Several articles highlighted MercadoLibre’s long-term growth story in ecommerce, digital payments, and logistics across Latin America, reinforcing the bull case for the stock. MercadoLibre (MELI) Believed To Be Powering Commerce Across An Entire Continent
• Positive Sentiment: Coverage suggesting the stock may still be attractive after a steep share-price decline could encourage value-oriented buyers to step in. Is MercadoLibre (MELI) Still Attractive After A 35% Share Price Slide?
• Neutral Sentiment: Analyst-focused articles noted generally optimistic Wall Street ratings, but these reports were more commentary on consensus than fresh fundamental news. Is MercadoLibre (MELI) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: MarketBeat’s note on short interest showed no meaningful short position data change, so it does not appear to be a major price driver. Short interest update
• Negative Sentiment: BTIG reportedly cut its price target on MercadoLibre, and other broker commentary turned more cautious, which can weigh on sentiment. BTIG Research Cuts MercadoLibre (NASDAQ:MELI) Price Target to $2,150.00
• Negative Sentiment: Additional research notes described the stock as trading down because margin pressure from heavy growth investment is still a concern for investors. MELI Q1 Deep Dive: Strategic Investment Drives Revenue Growth but Compresses Margins

MercadoLibre Stock Performance

Shares of MELI opened at $1,557.30 on Tuesday. The firm has a market cap of $78.96 billion, a PE ratio of 41.10, a PEG ratio of 0.83 and a beta of 1.41. The stock’s fifty day moving average price is $1,749.43 and its two-hundred day moving average price is $1,959.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 1 year low of $1,536.71 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 30.84%. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.74 earnings per share. On average, equities research analysts forecast that MercadoLibre, Inc. will post 47.84 EPS for the current year.

About MercadoLibre

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.