Lingohr Asset Management GmbH Acquires New Holdings in MercadoLibre, Inc. $MELI

Lingohr Asset Management GmbH purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 664 shares of the company’s stock, valued at approximately $1,552,000.

A number of other hedge funds have also made changes to their positions in MELI. Lavaca Capital LLC increased its position in shares of MercadoLibre by 140,201.3% during the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after purchasing an additional 1,065,530 shares during the period. Norges Bank acquired a new position in MercadoLibre during the second quarter worth about $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in MercadoLibre by 304.7% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock worth $666,744,000 after acquiring an additional 192,071 shares in the last quarter. Flossbach Von Storch SE lifted its holdings in MercadoLibre by 1,669.4% in the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock valued at $424,666,000 after acquiring an additional 171,449 shares during the last quarter. Finally, Durable Capital Partners LP lifted its holdings in MercadoLibre by 155.3% in the 2nd quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock valued at $386,775,000 after acquiring an additional 90,026 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the transaction, the director directly owned 257 shares in the company, valued at $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,136 shares of company stock worth $2,308,788 in the last 90 days. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MELI has been the topic of several recent research reports. Susquehanna decreased their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. UBS Group decreased their target price on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Citigroup cut their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Wedbush decreased their price target on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Finally, Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,876.88.

MercadoLibre Price Performance

Shares of MELI opened at $2,147.79 on Friday. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 52.41, a P/E/G ratio of 1.10 and a beta of 1.42. MercadoLibre, Inc. has a fifty-two week low of $1,723.90 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The business’s 50-day moving average is $2,073.01 and its 200-day moving average is $2,218.10.

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

MercadoLibre Company 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.