Capital International Inc. CA Raises Position in MercadoLibre, Inc. $MELI

Capital International Inc. CA increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 52,730 shares of the company’s stock after purchasing an additional 869 shares during the period. MercadoLibre accounts for 1.0% of Capital International Inc. CA’s investment portfolio, making the stock its 24th largest holding. Capital International Inc. CA’s holdings in MercadoLibre were worth $123,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bison Wealth LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $206,000. Empowered Funds LLC lifted its stake 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 purchasing an additional 49 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC acquired a new stake in MercadoLibre during the 2nd quarter worth approximately $261,000. Finally, Modera Wealth Management LLC increased its position in MercadoLibre by 9.0% during the 2nd quarter. Modera Wealth Management LLC now owns 145 shares of the company’s stock worth $380,000 after purchasing an additional 12 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,769.52 on Tuesday. The stock has a market capitalization of $89.71 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 0.90 and a beta of 1.48. The company’s 50-day simple moving average is $2,019.51 and its 200-day simple moving average is $2,135.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a one year low of $1,654.24 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly 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). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the company posted $12.61 earnings per share. The business’s revenue was up 44.6% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the transaction, the director owned 257 shares in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MELI shares. Barclays reduced 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 research report on Wednesday, February 25th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald lowered their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Finally, UBS Group reduced their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,762.00.

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.