Lingohr Asset Management GmbH Makes New Investment in MercadoLibre, Inc. $MELI

Lingohr Asset Management GmbH acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 3rd quarter, Holdings Channel reports. The firm acquired 664 shares of the company’s stock, valued at approximately $1,552,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. National Pension Service raised its stake in MercadoLibre by 1.8% during the 3rd quarter. National Pension Service now owns 125,090 shares of the company’s stock valued at $292,328,000 after purchasing an additional 2,207 shares during the last quarter. AlphaQuest LLC grew its position in MercadoLibre by 105.8% in the 3rd quarter. AlphaQuest LLC now owns 823 shares of the company’s stock worth $1,923,000 after purchasing an additional 423 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in shares of MercadoLibre by 8.2% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,384 shares of the company’s stock worth $3,234,000 after purchasing an additional 105 shares during the period. Pittenger & Anderson Inc. raised its position in shares of MercadoLibre by 1.9% during the third quarter. Pittenger & Anderson Inc. now owns 2,715 shares of the company’s stock valued at $6,345,000 after buying an additional 50 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its stake in shares of MercadoLibre by 0.9% in the third quarter. Alpha Cubed Investments LLC now owns 781 shares of the company’s stock valued at $1,825,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MELI shares. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Morgan Stanley raised their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. UBS Group reduced their price objective on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a report on Monday, November 24th. Finally, Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. One investment 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. According to MarketBeat, MercadoLibre currently has a consensus 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 completion of the sale, the director owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,136 shares of company stock worth $2,308,788. Insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,147.79 on Friday. The stock has a market capitalization of $108.89 billion, a P/E ratio of 52.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The firm has a 50 day moving average of $2,073.01 and a 200-day moving average of $2,218.10.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the company earned $7.83 EPS. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.