US Bancorp DE Buys 1,428 Shares of MercadoLibre, Inc. $MELI

US Bancorp DE lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,209 shares of the company’s stock after purchasing an additional 1,428 shares during the quarter. US Bancorp DE owned 0.07% of MercadoLibre worth $82,281,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. MAI Capital Management lifted its holdings in shares of MercadoLibre by 101.2% in the third quarter. MAI Capital Management now owns 340 shares of the company’s stock worth $795,000 after buying an additional 171 shares in the last quarter. RWA Wealth Partners LLC purchased a new stake in MercadoLibre in the 3rd quarter worth approximately $301,000. Cary Street Partners Financial LLC lifted its stake in MercadoLibre by 0.3% in the 3rd quarter. Cary Street Partners Financial LLC now owns 4,210 shares of the company’s stock worth $9,839,000 after purchasing an additional 12 shares in the last quarter. Abbot Financial Management Inc. grew its position in shares of MercadoLibre by 2.9% during the 3rd quarter. Abbot Financial Management Inc. now owns 500 shares of the company’s stock valued at $1,168,000 after purchasing an additional 14 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in shares of MercadoLibre during the 3rd quarter valued at $939,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,740.88 on Friday. The firm has a fifty day simple moving average of $2,052.43 and a two-hundred day simple moving average of $2,165.94. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a twelve month low of $1,654.24 and a twelve month high of $2,645.22. The company has a market capitalization of $88.26 billion, a PE ratio of 44.18, a P/E/G ratio of 0.87 and a beta of 1.44.

MercadoLibre (NASDAQ:MELIGet Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). MercadoLibre had a net margin of 6.91% and a return on equity of 35.38%. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the business posted $12.61 earnings per share. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BTIG Research lowered their price objective on MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating on the stock in a research report on Wednesday. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research note on Wednesday. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays lowered their price objective on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,808.67.

Read Our Latest Stock Analysis on MercadoLibre

Insider Buying and Selling at MercadoLibre

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction 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 sale, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. The trade was a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently owned by insiders.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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