Meristem Family Wealth LLC Has $526,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Meristem Family Wealth LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) by 34.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 390 shares of the company’s stock after buying an additional 99 shares during the period. Meristem Family Wealth LLC’s holdings in MercadoLibre were worth $526,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MELI. Baillie Gifford & Co. raised its stake in shares of MercadoLibre by 5.4% during the 4th quarter. Baillie Gifford & Co. now owns 4,957,539 shares of the company’s stock worth $6,684,747,000 after purchasing an additional 255,226 shares in the last quarter. Capital Research Global Investors raised its stake in shares of MercadoLibre by 3.1% during the 3rd quarter. Capital Research Global Investors now owns 3,852,298 shares of the company’s stock worth $6,469,501,000 after purchasing an additional 114,459 shares in the last quarter. Capital World Investors raised its stake in shares of MercadoLibre by 3.9% during the 3rd quarter. Capital World Investors now owns 2,321,562 shares of the company’s stock worth $3,898,783,000 after purchasing an additional 86,224 shares in the last quarter. Jennison Associates LLC raised its stake in shares of MercadoLibre by 8.8% during the 4th quarter. Jennison Associates LLC now owns 2,038,209 shares of the company’s stock worth $2,748,321,000 after purchasing an additional 164,347 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in shares of MercadoLibre by 5.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 442,510 shares of the company’s stock worth $743,151,000 after purchasing an additional 21,190 shares in the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

MELI traded up $72.03 during midday trading on Friday, reaching $794.96. The company’s stock had a trading volume of 872,508 shares, compared to its average volume of 586,069. The stock has a market cap of $40.05 billion, a P/E ratio of 216.61 and a beta of 1.56. The company has a fifty day simple moving average of $1,054.06 and a 200 day simple moving average of $1,159.01. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 1.66. MercadoLibre, Inc. has a twelve month low of $640.00 and a twelve month high of $1,970.13.

MercadoLibre (NASDAQ:MELI – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.34). MercadoLibre had a net margin of 2.30% and a return on equity of 21.93%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business earned $0.31 EPS. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. Sell-side analysts expect that MercadoLibre, Inc. will post 6.79 earnings per share for the current year.

A number of research firms have recently weighed in on MELI. Citigroup cut their price target on MercadoLibre from $1,750.00 to $1,500.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Stifel Nicolaus lowered their price objective on MercadoLibre from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Credit Suisse Group lowered their price objective on MercadoLibre from $1,685.00 to $1,440.00 in a report on Monday, May 2nd. Zacks Investment Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating and set a $956.00 price objective on the stock. in a report on Wednesday, March 2nd. Finally, Susquehanna lowered their price objective on MercadoLibre from $1,990.00 to $1,750.00 and set a “positive” rating on the stock in a report on Wednesday, February 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of “Buy” and a consensus price target of $1,670.50.

In other news, VP La Serna Juan Martin De acquired 50 shares of MercadoLibre stock in a transaction on Friday, March 11th. The stock was bought at an average price of $931.00 per share, for a total transaction of $46,550.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Marcelo Melamud acquired 55 shares of MercadoLibre stock in a transaction on Monday, March 14th. The stock was purchased at an average price of $881.82 per share, with a total value of $48,500.10. The disclosure for this purchase can be found here. Insiders acquired a total of 205 shares of company stock valued at $188,950 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

MercadoLibre Company Profile (Get Rating)

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

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