Capital International Ltd. CA boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 22.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,168 shares of the company’s stock after buying an additional 2,919 shares during the quarter. MercadoLibre makes up 1.1% of Capital International Ltd. CA’s portfolio, making the stock its 22nd largest position. Capital International Ltd. CA’s holdings in MercadoLibre were worth $32,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the 2nd quarter valued at about $29,000. Curio Wealth LLC purchased a new position in shares of MercadoLibre in the 4th quarter worth approximately $30,000. Holos Integrated Wealth LLC purchased a new position in shares of MercadoLibre in the 4th quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of MercadoLibre in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.
Insiders Place Their Bets
In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This represents a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by company insiders.
MercadoLibre Price Performance
MercadoLibre (NASDAQ:MELI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the previous year, the business posted $9.74 earnings per share. MercadoLibre’s revenue for the quarter was up 49.0% on a year-over-year basis. On average, equities analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MELI. BTIG Research reaffirmed a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research report on Tuesday, June 2nd. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and dropped their price objective for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a report on Wednesday, May 13th. Benchmark lowered their price target on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.
View Our Latest Stock Analysis on MELI
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.
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