Banque Cantonale Vaudoise Has $3.83 Million Stake in MercadoLibre, Inc. $MELI

Banque Cantonale Vaudoise grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 48.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,640 shares of the company’s stock after acquiring an additional 532 shares during the quarter. Banque Cantonale Vaudoise’s holdings in MercadoLibre were worth $3,833,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MELI. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of MercadoLibre during the third quarter worth $35,000. Cullen Frost Bankers Inc. raised its holdings in shares of MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares during the period. Rothschild Investment LLC lifted its position in MercadoLibre by 35.7% in the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in MercadoLibre in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insiders Place Their Bets

In other news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction dated 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 completion of the transaction, the director owned 257 shares of the company’s stock, valued at $521,034.09. This trade represents a 14.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre 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. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on MELI. UBS Group lowered their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a report on Friday, February 27th. Morgan Stanley cut their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday. Barclays reduced their price objective on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Weiss Ratings lowered MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Finally, Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $2,762.00.

MercadoLibre Stock Performance

MELI opened at $1,742.09 on Wednesday. MercadoLibre, Inc. has a 52-week low of $1,654.24 and a 52-week high of $2,645.22. The firm has a market capitalization of $88.32 billion, a PE ratio of 44.22, a PEG ratio of 0.89 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The business’s 50-day simple moving average is $2,013.94 and its 200 day simple moving average is $2,130.27.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.61 earnings per share. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.