PBU The Pension Fund of Early Childhood & Youth Educators Takes $23.47 Million Position in MercadoLibre, Inc. $MELI

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 11,651 shares of the company’s stock, valued at approximately $23,468,000. MercadoLibre makes up 0.8% of PBU The Pension Fund of Early Childhood & Youth Educators’ portfolio, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of MELI. Thompson Siegel & Walmsley LLC increased its stake in MercadoLibre by 238.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after purchasing an additional 1,430 shares during the period. Weitz Investment Management Inc. purchased a new position in shares of MercadoLibre during the third quarter valued at $8,647,000. Penserra Capital Management LLC increased its stake in shares of MercadoLibre by 34.5% during the third quarter. Penserra Capital Management LLC now owns 3,014 shares of the company’s stock valued at $7,042,000 after buying an additional 773 shares during the period. Integrated Financial Solutions Inc. increased its stake in shares of MercadoLibre by 129.7% during the fourth quarter. Integrated Financial Solutions Inc. now owns 2,109 shares of the company’s stock valued at $4,248,000 after buying an additional 1,191 shares during the period. Finally, Employees Retirement System of Texas increased its stake in shares of MercadoLibre by 18.2% during the fourth quarter. Employees Retirement System of Texas now owns 40,184 shares of the company’s stock valued at $80,941,000 after buying an additional 6,200 shares during the period. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

MELI has been the topic of several research reports. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and cut their price target for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a research report on Friday, May 8th. Finally, BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,255.33.

Insiders Place Their Bets

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

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,607.80 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The company has a market cap of $81.51 billion, a PE ratio of 42.43, a P/E/G ratio of 1.01 and a beta of 1.36. The business has a 50-day simple moving average of $1,720.81 and a two-hundred day simple moving average of $1,887.84. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.MercadoLibre’s 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. As a group, equities analysts expect that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

MercadoLibre Company 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.