Munich Reinsurance Co Stock Corp in Munich Invests $2.13 Million in MercadoLibre, Inc. $MELI

Munich Reinsurance Co Stock Corp in Munich bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 913 shares of the company’s stock, valued at approximately $2,134,000.

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

Wall Street Analyst Weigh In

MELI has been the subject of several research reports. BTIG Research reduced their price target on shares of 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. Cantor Fitzgerald lowered their price objective 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. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Finally, UBS Group decreased their price target 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. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,785.33.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,787.86 on Friday. The business’s fifty day moving average is $2,024.42 and its 200 day moving average is $2,140.50. The firm has a market cap of $90.64 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 0.90 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 52-week low of $1,654.24 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing the consensus estimate of $11.66 by ($0.63). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.61 EPS. Research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Insider Transactions at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the business’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 transaction of $91,231.65. Following the transaction, the director directly owned 257 shares of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is currently owned by corporate insiders.

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.