Munich Reinsurance Co Stock Corp in Munich Invests $2.13 Million in MercadoLibre, Inc. $MELI

Munich Reinsurance Co Stock Corp in Munich acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the third quarter, Holdings Channel reports. The firm acquired 913 shares of the company’s stock, valued at approximately $2,134,000.

Several other large investors also recently added to or reduced their stakes in MELI. Bison Wealth LLC bought a new position in MercadoLibre in the 4th quarter worth about $206,000. Empowered Funds LLC raised its holdings in shares of MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after acquiring an additional 49 shares in the last quarter. Focus Partners Wealth boosted its position in shares of MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after acquiring an additional 178 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of MercadoLibre during the second quarter worth about $261,000. Finally, Huntington National Bank grew its holdings in shares of MercadoLibre by 87.0% during the second quarter. Huntington National Bank now owns 101 shares of the company’s stock worth $264,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of the 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 value of $91,231.65. Following the completion of the sale, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,136 shares of company stock worth $2,308,788. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MELI. UBS Group lowered their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Barclays decreased their price target on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,785.33.

MercadoLibre Stock Up 0.4%

Shares of NASDAQ MELI opened at $1,787.86 on Friday. The firm’s fifty day moving average is $2,024.42 and its 200 day moving average is $2,140.50. MercadoLibre, Inc. has a 52 week low of $1,654.24 and a 52 week high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The company has a market cap of $90.64 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 0.90 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same period in the previous year, the company earned $12.61 EPS. On average, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.