DE Burlo Group Inc. Raises Holdings in MercadoLibre, Inc. $MELI

DE Burlo Group Inc. grew its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 86.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,160 shares of the company’s stock after buying an additional 4,260 shares during the quarter. MercadoLibre accounts for approximately 2.6% of DE Burlo Group Inc.’s portfolio, making the stock its 18th biggest position. DE Burlo Group Inc.’s holdings in MercadoLibre were worth $21,406,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MELI. Lavaca Capital LLC increased its stake in MercadoLibre by 140,201.3% in the second 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 last quarter. Norges Bank acquired a new stake in MercadoLibre during the second quarter worth approximately $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of MercadoLibre by 304.7% during the 2nd 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 buying an additional 192,071 shares during the last quarter. Flossbach Von Storch SE boosted its holdings in shares of 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 buying an additional 171,449 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of MercadoLibre by 29.0% in the 3rd quarter. Franklin Resources Inc. now owns 418,002 shares of the company’s stock valued at $976,846,000 after buying an additional 93,854 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MELI shares. Wedbush cut their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. UBS Group decreased their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, BTIG Research decreased their target price on MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,762.00.

MercadoLibre Stock Down 1.6%

MELI stock opened at $1,742.09 on Wednesday. The company has a market cap of $88.32 billion, a price-to-earnings ratio of 44.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The company has a fifty day moving average price of $2,013.94 and a 200 day moving average price of $2,130.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 12 month low of $1,654.24 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same period in the previous year, the business posted $12.61 earnings per share. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Insider Activity

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the sale, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is currently owned by corporate insiders.

About MercadoLibre

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.