Oddo BHF Asset Management Sas Has $32.33 Million Stock Position in MercadoLibre, Inc. $MELI

Oddo BHF Asset Management Sas increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,052 shares of the company’s stock after purchasing an additional 1,185 shares during the quarter. MercadoLibre makes up 1.2% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 19th biggest position. Oddo BHF Asset Management Sas’ holdings in MercadoLibre were worth $32,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in MercadoLibre during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC bought a new position in MercadoLibre during the fourth quarter worth about $26,000. Darwin Wealth Management LLC bought a new position in MercadoLibre during the second quarter worth about $29,000. Curio Wealth LLC bought a new position in MercadoLibre during the fourth quarter worth about $30,000. Finally, Holos Integrated Wealth LLC bought a new position in MercadoLibre during the fourth quarter worth about $32,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 3.6%

Shares of MercadoLibre stock opened at $1,646.36 on Tuesday. The business’s 50 day simple moving average is $1,714.30 and its 200 day simple moving average is $1,870.00. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The firm has a market cap of $83.47 billion, a PE ratio of 43.45, a P/E/G ratio of 0.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the business posted $9.74 EPS. On average, analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MELI. Barclays reduced their target price on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, BTIG Research restated a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

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.