Flossbach Von Storch SE Grows Stock Holdings in MercadoLibre, Inc. $MELI

Flossbach Von Storch SE boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 1,669.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,719 shares of the company’s stock after acquiring an additional 171,449 shares during the period. MercadoLibre accounts for about 1.7% of Flossbach Von Storch SE’s holdings, making the stock its 23rd biggest position. Flossbach Von Storch SE owned approximately 0.36% of MercadoLibre worth $424,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of MercadoLibre by 26.3% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock worth $63,000 after purchasing an additional 5 shares during the last quarter. Quadcap Wealth Management LLC raised its position in MercadoLibre by 4.2% during the 2nd quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock worth $324,000 after buying an additional 5 shares during the last quarter. PFW Advisors LLC lifted its stake in shares of MercadoLibre by 4.8% in the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after acquiring an additional 5 shares during the period. Yousif Capital Management LLC lifted its stake in shares of MercadoLibre by 3.5% in the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock worth $344,000 after acquiring an additional 5 shares during the period. Finally, Natural Investments LLC boosted its holdings in shares of MercadoLibre by 0.5% in the third quarter. Natural Investments LLC now owns 1,119 shares of the company’s stock valued at $2,613,000 after acquiring an additional 6 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

MELI opened at $2,268.60 on Thursday. MercadoLibre, Inc. has a 1-year low of $1,723.90 and a 1-year high of $2,645.22. The stock has a market cap of $115.02 billion, a P/E ratio of 55.36, a P/E/G ratio of 1.14 and a beta of 1.42. The stock’s 50 day simple moving average is $2,062.72 and its 200 day simple moving average is $2,219.72. 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 (NASDAQ:MELI) last posted its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The firm had revenue of $7.41 billion for the quarter, compared to analysts’ expectations of $7.19 billion. MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.83 earnings per share. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The disclosure for this sale is available in the SEC filing. Insiders sold 1,136 shares of company stock valued at $2,308,788 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MELI shares. Cantor Fitzgerald cut their price target on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Susquehanna decreased their price target on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Monday, October 13th. Citigroup dropped their price objective on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Finally, Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,842.94.

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.