MercadoLibre, Inc. $MELI Shares Sold by Danske Bank A S

Danske Bank A S trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 36.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,373 shares of the company’s stock after selling 14,351 shares during the quarter. Danske Bank A S owned 0.05% of MercadoLibre worth $43,068,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MELI. Bison Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at approximately $206,000. Empowered Funds LLC increased its stake in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares during the last quarter. Focus Partners Wealth increased its stake in shares of MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre in the second quarter valued at $261,000. Finally, Gamco Investors INC. ET AL raised its holdings in MercadoLibre by 21.4% in the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Citigroup upped their price objective on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, UBS Group lowered their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,272.00.

Insider Buying and Selling

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by insiders.

MercadoLibre Trading Up 7.3%

MercadoLibre stock opened at $1,908.65 on Thursday. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The firm’s 50-day moving average is $1,780.15 and its 200-day moving average is $1,776.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $96.77 billion, a P/E ratio of 51.91, a PEG ratio of 1.22 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data 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. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.31 EPS. On average, equities analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

About MercadoLibre

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.