MercadoLibre, Inc. $MELI Shares Purchased by Whittier Trust Co.

Whittier Trust Co. grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,419 shares of the company’s stock after buying an additional 236 shares during the quarter. Whittier Trust Co.’s holdings in MercadoLibre were worth $5,256,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in MercadoLibre in the 2nd quarter valued at $29,000. Curio Wealth LLC lifted its stake in shares of MercadoLibre by 1,400.0% during the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after purchasing an additional 14 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of MercadoLibre in the second quarter worth about $39,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of MercadoLibre in the third quarter valued at about $35,000. Finally, Cheviot Value Management LLC grew its stake in shares of MercadoLibre by 2,000.0% in the third quarter. Cheviot Value Management LLC now owns 21 shares of the company’s stock valued at $48,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.8%

MELI stock opened at $2,137.29 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $2,051.07 and a 200-day simple moving average of $2,221.36. The company has a market capitalization of $108.36 billion, a P/E ratio of 52.15, a PEG ratio of 1.06 and a beta of 1.42. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The company had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the company earned $7.83 earnings per share. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Morgan Stanley boosted their target price on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Barclays lifted their price target on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Citigroup cut their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and an average target price of $2,842.94.

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.