MercadoLibre, Inc. $MELI Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 392.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,113 shares of the company’s stock after buying an additional 887 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in MercadoLibre were worth $1,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MELI. BlackRock Inc. bought a new position in shares of MercadoLibre in the second quarter valued at approximately $2,246,015,000. Janus Henderson Group PLC increased its holdings in MercadoLibre by 1.7% during the 1st quarter. Janus Henderson Group PLC now owns 614,238 shares of the company’s stock worth $1,062,019,000 after acquiring an additional 10,142 shares during the period. Linonia Partnership LP increased its holdings in MercadoLibre by 325.1% during the 2nd quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock worth $939,994,000 after acquiring an additional 423,527 shares during the period. Jupiter Topco LLC bought a new stake in MercadoLibre during the 2nd quarter worth approximately $917,123,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MercadoLibre by 7.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 533,816 shares of the company’s stock worth $906,094,000 after purchasing an additional 38,871 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

Shares of MELI opened at $1,512.02 on Thursday. The company has a market cap of $76.66 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $1,781.38 and a 200-day moving average price of $1,795.48. MercadoLibre, Inc. has a 12-month low of $1,465.06 and a 12-month high of $2,342.00.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $8.83 EPS for the quarter, missing the consensus estimate of $9.27 by ($0.44). The business had revenue of $10.75 billion for the quarter, compared to analysts’ expectations of $10.69 billion. MercadoLibre had a return on equity of 25.15% and a net margin of 4.91%. The firm’s revenue for the quarter was up 45.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.32 EPS. As a group, equities analysts forecast that MercadoLibre, Inc. will post 37.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,200.00 to $2,000.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. BTIG Research reduced their price target on shares of MercadoLibre from $2,150.00 to $2,050.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. UBS Group decreased their price target on shares of MercadoLibre from $1,750.00 to $1,600.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on MercadoLibre from $2,150.00 to $1,850.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,170.62.

Top MercadoLibre Stories

These are some of the MELI stories that stood out recently:

• Neutral Sentiment: After a steep recent decline, some coverage argues MELI may offer an attractive entry point for growth investors, while other analysis questions whether its valuation is justified by current earnings. Article: Is MercadoLibre an Obvious Growth Stock to Buy?
• Negative Sentiment: Profitability concerns are weighing on sentiment: Q3 EPS of $8.83 missed the $9.27 consensus, and heavy investment spending and margin pressure have overshadowed revenue growth. Article: MercadoLibre Declines 11.9% Since Q3 Earnings
• Negative Sentiment: UBS cut its price target from $1,750 to $1,600 and assigned a neutral rating, signaling reduced confidence in near-term upside. UBS Group recommendations JPMorgan also cut its target, adding to analyst caution. Article: JPMorgan Cuts MercadoLibre Price Target

About MercadoLibre

MercadoLibre, Inc. operates an online commerce and financial technology platform focused on Latin America. Founded in Argentina in 1999, the company connects buyers and sellers through its marketplace, where businesses and individuals can list and purchase a wide range of products. The company’s services also include Mercado Pago, which offers digital payment and financial services for transactions on and off its marketplace. MercadoLibre supports commerce with services such as Mercado Envíos, its shipping and logistics platform, and provides advertising tools for merchants and brands.