Capital International Sarl Has $61.70 Million Position in MercadoLibre, Inc. $MELI

Capital International Sarl grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 5.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 26,401 shares of the company’s stock after acquiring an additional 1,253 shares during the period. MercadoLibre makes up 1.1% of Capital International Sarl’s portfolio, making the stock its 18th biggest position. Capital International Sarl’s holdings in MercadoLibre were worth $61,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Inc. CA boosted its position in shares of MercadoLibre by 1.7% during the 3rd quarter. Capital International Inc. CA now owns 52,730 shares of the company’s stock valued at $123,227,000 after acquiring an additional 869 shares in the last quarter. Bank of Montreal Can raised its position in MercadoLibre by 13.2% in the third quarter. Bank of Montreal Can now owns 17,673 shares of the company’s stock worth $41,301,000 after purchasing an additional 2,063 shares in the last quarter. Legal & General Group Plc raised its position in MercadoLibre by 5.5% in the third quarter. Legal & General Group Plc now owns 239,692 shares of the company’s stock worth $560,146,000 after purchasing an additional 12,465 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in MercadoLibre by 48.0% during the third quarter. Banque Cantonale Vaudoise now owns 1,640 shares of the company’s stock worth $3,833,000 after purchasing an additional 532 shares during the period. Finally, Vestcor Inc lifted its stake in MercadoLibre by 0.3% during the third quarter. Vestcor Inc now owns 1,811 shares of the company’s stock worth $4,232,000 after purchasing an additional 6 shares during the period. 87.62% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.25% of the company’s stock.

MercadoLibre Trading Down 1.0%

Shares of 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 company has a market cap 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 stock has a fifty day moving average price of $2,019.51 and a two-hundred day moving average price of $2,135.12. MercadoLibre, Inc. has a 52-week low of $1,654.24 and a 52-week high of $2,645.22.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. BTIG Research cut their price objective on MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Cantor Fitzgerald reduced their target price 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. Finally, Wedbush lowered their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target 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.