DE Burlo Group Inc. Increases Stake in MercadoLibre, Inc. $MELI

DE Burlo Group Inc. raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 86.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,160 shares of the company’s stock after acquiring an additional 4,260 shares during the period. MercadoLibre makes up 2.6% of DE Burlo Group Inc.’s investment portfolio, making the stock its 18th largest holding. DE Burlo Group Inc.’s holdings in MercadoLibre were worth $21,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadcap Wealth Management LLC lifted its position in MercadoLibre by 4.2% in the second quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock valued at $324,000 after purchasing an additional 5 shares during the period. PFW Advisors LLC increased its position in MercadoLibre by 4.8% during the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after purchasing an additional 5 shares during the period. Yousif Capital Management LLC raised its stake in shares of MercadoLibre by 3.5% during the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock worth $344,000 after buying an additional 5 shares in the last quarter. Wilkinson Global Asset Management LLC raised its stake in shares of MercadoLibre by 2.3% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after buying an additional 5 shares in the last quarter. Finally, Hardy Reed LLC lifted its holdings in shares of MercadoLibre by 4.0% in the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent analyst reports. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Wedbush reduced their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Morgan Stanley lowered their price target on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Monday. BTIG Research cut their price target on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. 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, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus price target of $2,762.00.

Insider Buying and Selling at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,742.09 on Wednesday. The business has a 50 day moving average price of $2,013.94 and a 200 day moving average price of $2,130.27. The company has a market capitalization of $88.32 billion, a P/E ratio of 44.22, a PEG ratio of 0.89 and a beta of 1.48. MercadoLibre, Inc. has a 1-year low of $1,654.24 and a 1-year high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 33.73% and a net margin of 6.91%.The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.61 earnings per share. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS 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.