Rathbones Group PLC Has $22.68 Million Stock Holdings in MercadoLibre, Inc. $MELI

Rathbones Group PLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 9,706 shares of the company’s stock after purchasing an additional 362 shares during the quarter. Rathbones Group PLC’s holdings in MercadoLibre were worth $22,682,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre in the 2nd quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. boosted its stake in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares in the last quarter. Rothschild Investment LLC grew its position in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in MercadoLibre in the third quarter valued at $47,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated 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 sale, the director owned 257 shares in the company, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,713,778.30. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently owned by corporate insiders.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,787.86 on Monday. The business’s fifty day moving average is $2,024.42 and its two-hundred day moving average is $2,139.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $90.64 billion, a P/E ratio of 45.38, a P/E/G ratio of 0.90 and a beta of 1.48. MercadoLibre, Inc. has a 52 week low of $1,654.24 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the business posted $12.61 earnings per share. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BTIG Research dropped their price objective on MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. UBS Group lowered their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Finally, Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,785.33.

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.