Deutsche Bank AG Takes Position in MercadoLibre, Inc. $MELI

Deutsche Bank AG bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 164,632 shares of the company’s stock, valued at approximately $279,445,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at about $26,000. Purpose Unlimited Inc. bought a new stake in shares of MercadoLibre during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre during the second quarter valued at about $29,000. Finally, Curio Wealth LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.5%

NASDAQ:MELI opened at $1,779.14 on Wednesday. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. The company’s 50-day simple moving average is $1,773.74 and its 200 day simple moving average is $1,778.68. The firm has a market capitalization of $90.20 billion, a P/E ratio of 48.39, a PEG ratio of 1.26 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter last year, the firm earned $10.31 earnings per share. The business’s revenue for the quarter was up 49.8% on a year-over-year basis. As a group, analysts forecast that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the purchase, the director directly owned 5,355 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on MELI shares. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a report on Friday, May 8th. Barclays decreased their target price on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Scotiabank lowered their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 7th. UBS Group dropped their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research note on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,272.00.

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.