MercadoLibre, Inc. $MELI Stake Reduced by Deutsche Bank AG

Deutsche Bank AG cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 6.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 160,456 shares of the company’s stock after selling 10,808 shares during the quarter. Deutsche Bank AG’s holdings in MercadoLibre were worth $323,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC boosted its position in MercadoLibre by 238.3% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after acquiring an additional 1,430 shares during the period. Weitz Investment Management Inc. acquired a new stake in MercadoLibre during the 3rd quarter worth about $8,647,000. Deepwater Asset Management LLC boosted its position in MercadoLibre by 38.6% during the 4th quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock worth $15,641,000 after acquiring an additional 2,164 shares during the period. Integrated Financial Solutions Inc. boosted its position in MercadoLibre by 129.7% during the 4th quarter. Integrated Financial Solutions Inc. now owns 2,109 shares of the company’s stock worth $4,248,000 after acquiring an additional 1,191 shares during the period. Finally, Employees Retirement System of Texas boosted its position in MercadoLibre by 18.2% during the 4th quarter. Employees Retirement System of Texas now owns 40,184 shares of the company’s stock worth $80,941,000 after acquiring an additional 6,200 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Some investors are still viewing the recent pullback as an opportunity, pointing to MercadoLibre’s long-term growth potential and the case for watching the stock more closely after the selloff. Missed the AI rally? 3 reasons to watch MercadoLibre closely following its recent pullback
• Neutral Sentiment: MercadoLibre has recently outperformed on some days when the broader market slipped, showing that buyers are still willing to step in despite the broader weakness. MercadoLibre (MELI) Gains As Market Dips: What You Should Know
• Negative Sentiment: Rapid credit card expansion is pressuring Mercado Pago margins, with heavier loan-loss provisioning and expansion into new markets slowing NIMAL recovery. MercadoLibre Expands Credit Cards Rapidly: Is NIMAL Pressure Building?
• Negative Sentiment: Separate coverage says investors should be cautious because operating margins are declining, credit risks are increasing, and the stock’s valuation remains a concern after a sizable one-year decline. 3 Key Reasons Investors May Want to Avoid MercadoLibre Stock Right Now

Analysts Set New Price Targets

MELI has been the subject of a number of research reports. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a research report on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price objective on MercadoLibre in a research report on Wednesday, May 13th. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. BTIG Research restated a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and dropped their price target for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,588.29 on Thursday. The firm has a market cap of $80.53 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 1.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The business’s 50-day simple moving average is $1,720.65 and its 200-day simple moving average is $1,878.24.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion for 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%.The firm’s revenue was up 49.0% on a year-over-year basis. During the same period in the prior year, the firm earned $9.74 EPS. As a group, equities research analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

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.