Natixis Advisors LLC Increases Holdings in MercadoLibre, Inc. $MELI

Natixis Advisors LLC grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,708 shares of the company’s stock after buying an additional 400 shares during the quarter. Natixis Advisors LLC’s holdings in MercadoLibre were worth $36,708,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Highview Capital Management LLC DE purchased a new position in shares of MercadoLibre during the second quarter valued at about $559,000. Weitz Investment Management Inc. purchased a new stake in MercadoLibre in the third quarter worth about $8,647,000. Barlow Wealth Partners Inc. boosted its position in MercadoLibre by 126.7% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after acquiring an additional 6,429 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of MercadoLibre by 14.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock worth $202,610,000 after acquiring an additional 10,849 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of MercadoLibre by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock worth $112,414,000 after acquiring an additional 7,570 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of several recent research reports. Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Cantor Fitzgerald dropped their price objective on shares of 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. JPMorgan Chase & Co. decreased 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 note on Monday, March 2nd. Finally, UBS Group dropped their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,762.00.

MercadoLibre Stock Down 1.0%

NASDAQ:MELI opened at $1,769.52 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $89.71 billion, a P/E ratio of 44.91, a P/E/G ratio of 0.90 and a beta of 1.48. MercadoLibre, Inc. has a fifty-two week low of $1,654.24 and a fifty-two week high of $2,645.22. The firm has a 50-day simple moving average of $2,019.51 and a two-hundred day simple moving average of $2,135.12.

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

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.