National Pension Service Grows Stock Position in MercadoLibre, Inc. $MELI

National Pension Service boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,090 shares of the company’s stock after buying an additional 2,207 shares during the period. National Pension Service owned 0.25% of MercadoLibre worth $292,328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MELI. AlphaQuest LLC lifted its holdings in shares of MercadoLibre by 105.8% during the 3rd quarter. AlphaQuest LLC now owns 823 shares of the company’s stock worth $1,923,000 after acquiring an additional 423 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in MercadoLibre by 8.2% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 1,384 shares of the company’s stock valued at $3,234,000 after purchasing an additional 105 shares during the period. Pittenger & Anderson Inc. increased its position in MercadoLibre by 1.9% during the third quarter. Pittenger & Anderson Inc. now owns 2,715 shares of the company’s stock worth $6,345,000 after purchasing an additional 50 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in MercadoLibre by 0.9% during the third quarter. Alpha Cubed Investments LLC now owns 781 shares of the company’s stock worth $1,825,000 after purchasing an additional 7 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of MercadoLibre by 28.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 36 shares of the company’s stock valued at $84,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ 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. MercadoLibre, Inc. has a 1-year low of $1,723.90 and a 1-year high of $2,645.22. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 1.10 and a beta of 1.42. The business has a 50-day moving average of $2,073.01 and a 200-day moving average of $2,218.10.

MercadoLibre (NASDAQ:MELI) last announced 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 analysts’ expectations of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.83 earnings per share. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Benchmark dropped their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Susquehanna lowered their price target on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. Weiss Ratings downgraded MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Wedbush reduced their price objective on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,876.88.

Insider Buying and Selling at MercadoLibre

In other news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction on Friday, December 12th. The stock was 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 1,136 shares of company stock valued at $2,308,788 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

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.