MercadoLibre, Inc. $MELI Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,699 shares of the company’s stock after purchasing an additional 10,849 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.17% of MercadoLibre worth $202,610,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the second quarter valued at approximately $29,000. Highline Wealth Partners LLC grew its position in shares of MercadoLibre by 366.7% in the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after acquiring an additional 11 shares in the last quarter. Curio Wealth LLC increased its holdings in shares of MercadoLibre by 1,400.0% in the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after acquiring an additional 14 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter valued at approximately $39,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in MercadoLibre during the third quarter worth $35,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on MELI shares. UBS Group lowered their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. BTIG Research reiterated a “buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a research note on Thursday, December 4th. Citigroup decreased their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,842.94.

MercadoLibre Trading Down 1.1%

Shares of NASDAQ:MELI opened at $2,075.01 on Tuesday. 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 company’s 50-day moving average price is $2,049.07 and its 200 day moving average price is $2,232.48. The company has a market cap of $105.20 billion, a PE ratio of 50.63, a P/E/G ratio of 1.03 and a beta of 1.42. MercadoLibre, Inc. has a fifty-two week low of $1,723.90 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its 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 during 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%.MercadoLibre’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the company posted $7.83 EPS. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,136 shares of company stock valued at $2,308,788 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

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.