5,195 Shares in MercadoLibre, Inc. $MELI Purchased by Synergy Asset Management LLC

Key Points

• Synergy Asset Management bought a new stake of 5,195 shares of MercadoLibre valued at about $10.46 million, representing roughly 1.1% of its portfolio and the firm's 23rd largest holding.
• Institutional investors have been heavily involved—several funds (Lavaca, Assenagon, Norges Bank, DZ Bank, Flossbach) materially increased or established positions—and institutional ownership stands at about 87.62%.
• Analysts rate MELI an average of "Moderate Buy" with an average price target of $2,708.67; the company recently missed EPS estimates ($11.03 vs. $11.66) while reporting revenue up 44.6%, and the stock trades near a 52-week low around $1,630.99 (market cap ~$82.7B, P/E ~41.4).

Synergy Asset Management LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,195 shares of the company's stock, valued at approximately $10,464,000. MercadoLibre comprises about 1.1% of Synergy Asset Management LLC's investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MELI. Lavaca Capital LLC increased its holdings in shares of MercadoLibre by 140,201.3% during the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company's stock worth $2,786,888,000 after buying an additional 1,065,530 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of MercadoLibre by 803.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company's stock valued at $671,665,000 after acquiring an additional 296,543 shares during the last quarter. Norges Bank acquired a new position in shares of MercadoLibre in the 2nd quarter worth approximately $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of MercadoLibre by 304.7% in 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 acquiring an additional 192,071 shares in the last quarter. Finally, Flossbach Von Storch SE grew its position in MercadoLibre by 1,669.4% during the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company's stock worth $424,666,000 after acquiring an additional 171,449 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on MELI. Dbs Bank raised MercadoLibre from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 2nd. Morgan Stanley reduced their price objective on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating on the stock in a research note on Monday, March 9th. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. BTIG Research cut their price target on MercadoLibre from $2,650.00 to $2,400.00 and set a "buy" rating for the company in a report on Friday, March 20th. Finally, Zacks Research upgraded shares of MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $2,708.67.

MercadoLibre Stock Performance

MELI stock opened at $1,630.99 on Friday. The company has a 50 day moving average price of $1,910.64 and a 200 day moving average price of $2,072.11. MercadoLibre, Inc. has a fifty-two week low of $1,606.21 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a market capitalization of $82.69 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the business posted $12.61 earnings per share. The firm's quarterly revenue was up 44.6% on a year-over-year basis. Analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.

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