Schroder Investment Management Group Acquires 50,893 Shares of MercadoLibre, Inc. $MELI

Schroder Investment Management Group grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 9.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 572,726 shares of the company’s stock after purchasing an additional 50,893 shares during the quarter. MercadoLibre makes up 1.1% of Schroder Investment Management Group’s investment portfolio, making the stock its 15th largest position. Schroder Investment Management Group’s holdings in MercadoLibre were worth $1,432,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MELI. Lavaca Capital LLC boosted its holdings in MercadoLibre by 140,201.3% in the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock worth $2,786,888,000 after purchasing an additional 1,065,530 shares in the last quarter. Norges Bank acquired a new stake in shares of MercadoLibre in the second quarter worth about $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of MercadoLibre by 304.7% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock worth $666,744,000 after acquiring an additional 192,071 shares in the last quarter. Flossbach Von Storch SE boosted its stake in shares of MercadoLibre by 1,669.4% during the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock worth $424,666,000 after acquiring an additional 171,449 shares in the last quarter. Finally, Durable Capital Partners LP increased its holdings in shares of MercadoLibre by 155.3% during the 2nd quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock valued at $386,775,000 after acquiring an additional 90,026 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Up 0.4%

MELI stock opened at $1,787.86 on Monday. MercadoLibre, Inc. has a twelve month low of $1,654.24 and a twelve month 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 PE ratio of 45.38, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. The business’s 50-day simple moving average is $2,024.42 and its 200 day simple moving average is $2,139.12.

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

Insider Activity

In related news, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction 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 transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,136 shares of company stock worth $2,308,788. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MELI. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. cut their target price on shares of MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Wedbush dropped their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Barclays cut their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,785.33.

MercadoLibre 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.