Fjarde AP Fonden Fourth Swedish National Pension Fund Has $27.02 Million Stock Holdings in MercadoLibre, Inc. $MELI

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,560 shares of the company’s stock after buying an additional 600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MercadoLibre were worth $27,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MELI. Bison Wealth LLC bought a new stake in MercadoLibre in the 4th quarter valued at $206,000. Empowered Funds LLC raised its stake in shares of MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares during the period. Focus Partners Wealth lifted its holdings in shares of MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of MercadoLibre by 101.3% in the first quarter. Voya Investment Management LLC now owns 1,530 shares of the company’s stock valued at $2,985,000 after purchasing an additional 770 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of MercadoLibre by 167.3% during the second quarter. Parallel Advisors LLC now owns 532 shares of the company’s stock worth $1,391,000 after buying an additional 333 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.1%

NASDAQ MELI opened at $2,098.85 on Friday. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $2,050.08 and a 200-day moving average of $2,242.75. The company has a market cap of $106.41 billion, a PE ratio of 51.22, a PEG ratio of 1.05 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (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 return on equity of 39.03% and a net margin of 7.93%.The business’s revenue was up 39.5% compared to the same quarter last year. During the same period last year, the company posted $7.83 earnings per share. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Insider Activity

In other news, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred 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 transaction, the director owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent research reports. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. BTIG Research reaffirmed a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research note on Thursday, December 4th. Wedbush cut their price objective on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Morgan Stanley increased their target price on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Benchmark decreased their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,842.94.

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.