Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Takes $12.34 Million Position in MercadoLibre, Inc. $MELI

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, Holdings Channel.com reports. The firm acquired 5,280 shares of the company’s stock, valued at approximately $12,339,000. MercadoLibre comprises 7.3% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 5th largest position.

Other institutional investors have also modified their holdings of the company. One Wealth Advisors LLC increased its stake in shares of MercadoLibre by 6.9% during the third quarter. One Wealth Advisors LLC now owns 249 shares of the company’s stock worth $582,000 after purchasing an additional 16 shares in the last quarter. Stonegate Investment Group LLC boosted its holdings in MercadoLibre by 9.7% in the 3rd quarter. Stonegate Investment Group LLC now owns 306 shares of the company’s stock worth $715,000 after buying an additional 27 shares during the last quarter. Barlow Wealth Partners Inc. increased its stake in MercadoLibre by 126.7% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock worth $26,886,000 after buying an additional 6,429 shares in the last quarter. Bensler LLC raised its holdings in shares of MercadoLibre by 2.4% during the third quarter. Bensler LLC now owns 4,677 shares of the company’s stock valued at $10,930,000 after acquiring an additional 109 shares during the last quarter. Finally, KPP Advisory Services LLC lifted its position in shares of MercadoLibre by 2.1% in the third quarter. KPP Advisory Services LLC now owns 590 shares of the company’s stock valued at $1,379,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.7%

Shares of NASDAQ:MELI traded up $17.03 during mid-day trading on Wednesday, reaching $2,312.03. 93,456 shares of the company were exchanged, compared to its average volume of 547,856. The firm has a market cap of $117.22 billion, a price-to-earnings ratio of 56.42, a P/E/G ratio of 1.10 and a beta of 1.42. 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 firm’s 50-day simple moving average is $2,058.89 and its 200 day simple moving average is $2,219.38.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the firm posted $7.83 earnings per share. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MELI shares. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Barclays raised their price target on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. BTIG Research reissued a “buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a research note on Thursday, December 4th. Finally, Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,842.94.

Insider Transactions at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 257 shares in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is currently owned by corporate insiders.

MercadoLibre Company 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.