MercadoLibre, Inc. $MELI Shares Purchased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 42,800.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 858 shares of the company’s stock after acquiring an additional 856 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in MercadoLibre were worth $2,005,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jackson Wealth Management LLC acquired a new stake in MercadoLibre in the second quarter valued at approximately $499,000. Highview Capital Management LLC DE bought a new position in shares of MercadoLibre during the 2nd quarter valued at $559,000. Ninety One North America Inc. lifted its stake in shares of MercadoLibre by 21.5% in the 2nd quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after purchasing an additional 1,080 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of MercadoLibre by 4.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock valued at $39,900,000 after purchasing an additional 585 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in MercadoLibre by 7.0% in the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after purchasing an additional 81,124 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Barclays boosted their target price on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Benchmark decreased their target price on 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. Citigroup dropped their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Finally, Wedbush reduced their price objective on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,842.94.

MercadoLibre Trading Down 1.2%

Shares of MercadoLibre stock opened at $2,268.60 on Thursday. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company’s fifty day simple moving average is $2,062.72 and its 200-day simple moving average is $2,219.72. The company has a market cap of $115.02 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 1.14 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.

MercadoLibre (NASDAQ:MELI) last released 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 company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. MercadoLibre’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.83 earnings per share. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the transaction, the director directly owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were 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. Over the last 90 days, insiders sold 1,136 shares of company stock worth $2,308,788. Company insiders own 0.25% of the company’s stock.

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.