MercadoLibre, Inc. $MELI Stake Decreased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 81.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100 shares of the company’s stock after selling 430 shares during the quarter. SBI Securities Co. Ltd.’s holdings in MercadoLibre were worth $173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in MercadoLibre during the second quarter valued at approximately $2,246,015,000. Janus Henderson Group PLC lifted its stake in MercadoLibre by 1.7% in the 1st quarter. Janus Henderson Group PLC now owns 614,238 shares of the company’s stock worth $1,062,019,000 after purchasing an additional 10,142 shares in the last quarter. Linonia Partnership LP lifted its stake in MercadoLibre by 325.1% in the 2nd quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock worth $939,994,000 after purchasing an additional 423,527 shares in the last quarter. Jupiter Topco LLC purchased a new stake in MercadoLibre in the 2nd quarter worth approximately $917,123,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MercadoLibre by 7.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 533,816 shares of the company’s stock worth $906,094,000 after purchasing an additional 38,871 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Citigroup upgraded MercadoLibre from Neutral to Buy and set a $2,050 price target, implying roughly 22% upside from the referenced price. Although the target was reduced from $2,100, the upgrade signals improving risk-reward following the recent decline. Citigroup upgrades MercadoLibre stock
• Positive Sentiment: BTIG maintained its $2,150 target, while other analysts described the post-election weakness as a buying opportunity. The bullish case rests on MercadoLibre’s strong marketplace growth, rising buyer engagement and logistics expansion. BTIG maintains MercadoLibre price target
• Positive Sentiment: MercadoLibre recently reported record revenue, with quarterly sales up nearly 50% year over year and exceeding analyst expectations. Two Wall Street analysts see potential for gains of up to 50% if the company converts strong revenue growth into improving margins. Wall Street analysts see upside for MercadoLibre
• Neutral Sentiment: The central debate is profitability: e-commerce, fintech and logistics growth remain robust, but margin pressure and MercadoLibre’s premium valuation could limit near-term upside. MercadoLibre marketplace outlook
• Negative Sentiment: President Luiz Inácio Lula da Silva’s election victory overturned expectations for a more market-friendly Brazilian administration. Investors are reassessing potential government spending, tax and interest-rate policies, weighing on Brazil-focused equities, including MELI. Brazilian stocks tumble after Lula election

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cantor Fitzgerald cut their price target on shares of MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating for the company in a report on Monday, October 12th. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. Finally, Citigroup raised MercadoLibre from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $2,100.00 to $2,050.00 in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,248.75.

MercadoLibre Trading Up 0.7%

MELI stock opened at $1,680.51 on Wednesday. The company’s 50 day moving average is $1,853.69 and its 200 day moving average is $1,823.64. The stock has a market cap of $85.20 billion, a price-to-earnings ratio of 45.70 and a beta of 1.31. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,428.00.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. The company had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same period in the prior year, the business earned $10.31 earnings per share. The company’s revenue for the quarter was up 49.8% compared to the same quarter last year. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 38.09 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre’s financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.