DSM Capital Partners LLC Acquires 1,580 Shares of MercadoLibre, Inc. $MELI

DSM Capital Partners LLC lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 66.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,968 shares of the company’s stock after acquiring an additional 1,580 shares during the period. MercadoLibre accounts for about 0.1% of DSM Capital Partners LLC’s portfolio, making the stock its 26th biggest holding. DSM Capital Partners LLC’s holdings in MercadoLibre were worth $9,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new position in MercadoLibre in the 2nd quarter worth approximately $29,000. McIlrath & Eck LLC lifted its holdings in shares of MercadoLibre by 375.0% in the first quarter. McIlrath & Eck LLC now owns 19 shares of the company’s stock worth $37,000 after buying an additional 15 shares in the last quarter. Highline Wealth Partners LLC boosted its position in shares of MercadoLibre by 366.7% during the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after acquiring an additional 11 shares during the last quarter. Curio Wealth LLC grew its stake in MercadoLibre by 1,400.0% during the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after acquiring an additional 14 shares in the last quarter. Finally, Stone House Investment Management LLC purchased a new position in MercadoLibre during the second quarter valued at $39,000. Institutional investors own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Benchmark dropped their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. UBS Group lowered their price objective on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Susquehanna reduced their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $2,842.94.

MercadoLibre Trading Up 1.8%

MELI stock opened at $2,187.04 on Wednesday. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22. The stock has a market capitalization of $110.88 billion, a price-to-earnings ratio of 53.37, a price-to-earnings-growth ratio of 1.07 and a beta of 1.42. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $2,071.93 and its two-hundred day simple moving average is $2,258.12.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing the consensus estimate of $9.88 by ($1.56). The firm had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.83 earnings per share. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share 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.