Van Lanschot Kempen Investment Management N.V. Increases Position in MercadoLibre, Inc. $MELI

Van Lanschot Kempen Investment Management N.V. raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,764 shares of the company’s stock after purchasing an additional 532 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in MercadoLibre were worth $17,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MELI. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre in the fourth quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new stake in MercadoLibre in the second quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in MercadoLibre in the fourth quarter valued at approximately $30,000. Holos Integrated Wealth LLC purchased a new stake in MercadoLibre in the fourth quarter valued at approximately $32,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in MercadoLibre in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,589.60 on Friday. The company has a fifty day simple moving average of $1,715.68 and a two-hundred day simple moving average of $1,873.83. The company has a market cap of $80.59 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MELI. Morgan Stanley cut their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research report on Friday, May 8th. Benchmark cut their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wedbush cut their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Barclays cut their target price on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

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.