Commerzbank Aktiengesellschaft FI Increases Stock Position in MercadoLibre, Inc. $MELI

Commerzbank Aktiengesellschaft FI boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1,189.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,457 shares of the company’s stock after buying an additional 1,344 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in MercadoLibre were worth $3,405,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MELI. Bison Wealth LLC acquired a new position in MercadoLibre in the 4th quarter worth about $206,000. Empowered Funds LLC grew its holdings in MercadoLibre by 6.9% in the first 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 increased its position 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 buying an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $261,000. Finally, Sowell Financial Services LLC purchased a new position in shares of MercadoLibre during the 2nd quarter valued at approximately $206,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,137.29 on Friday. The company’s 50-day moving average price is $2,051.07 and its 200-day moving average price is $2,223.15. 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 company has a market cap of $108.36 billion, a P/E ratio of 52.15, a P/E/G ratio of 1.06 and a beta of 1.42. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data 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). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The business had revenue of $7.41 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the prior year, the company posted $7.83 EPS. The firm’s revenue was up 39.5% on a year-over-year basis. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Emiliano Calemzuk sold 45 shares of the 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre 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 SEC filing for this sale provides additional information. Insiders sold 1,136 shares of company stock worth $2,308,788 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

MELI has been the subject of several recent analyst reports. Barclays boosted their price target on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. UBS Group dropped their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. BTIG Research restated a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Thursday, December 4th. Benchmark decreased their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Susquehanna cut their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. One 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,842.94.

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.