Donaldson Capital Management LLC Acquires 1,055 Shares of MercadoLibre, Inc. $MELI

Donaldson Capital Management LLC increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 65.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,678 shares of the company’s stock after purchasing an additional 1,055 shares during the period. Donaldson Capital Management LLC’s holdings in MercadoLibre were worth $6,258,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the 2nd quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in MercadoLibre in the third quarter valued at $35,000. Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares during the period. Curio Wealth LLC raised its stake in MercadoLibre by 1,400.0% during the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after acquiring an additional 14 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of MercadoLibre during the second quarter valued at $39,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction dated 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 directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,136 shares of company stock worth $2,308,788 over the last 90 days. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on MELI. Wedbush lowered their target price on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Citigroup decreased their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, BTIG Research reissued a “buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,876.88.

MercadoLibre Price Performance

MELI opened at $2,147.79 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a market capitalization of $108.89 billion, a P/E ratio of 52.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.42. The company’s 50 day simple moving average is $2,073.01 and its 200-day simple moving average is $2,216.89. MercadoLibre, Inc. has a one year low of $1,723.90 and a one year high of $2,645.22.

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