B. Metzler seel. Sohn & Co. AG Has $32.88 Million Stock Position in MercadoLibre, Inc. $MELI

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its MercadoLibre stake by 10.1% in the second quarter, selling 2,171 shares and retaining 19,371 shares valued at approximately $32.88 million.
• Institutional ownership remains high at 87.62%, with major investors including BlackRock, Capital Research Global Investors, Norges Bank, Royal Bank of Canada, and Marshall Wace increasing or initiating positions.
• MercadoLibre reported quarterly EPS of $9.19 and revenue of $10.17 billion, exceeding estimates, while revenue grew 49.8% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $2,272.

B. Metzler seel. Sohn & Co. AG lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,371 shares of the company's stock after selling 2,171 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in MercadoLibre were worth $32,880,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of MercadoLibre in the second quarter worth about $2,246,015,000. Capital Research Global Investors raised its stake in shares of MercadoLibre by 22.5% in the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company's stock valued at $4,481,812,000 after acquiring an additional 408,939 shares in the last quarter. Norges Bank acquired a new stake in MercadoLibre in the 4th quarter worth approximately $597,045,000. Royal Bank of Canada lifted its holdings in MercadoLibre by 114.2% in the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company's stock worth $768,728,000 after purchasing an additional 237,008 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in MercadoLibre by 184.8% during the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company's stock worth $628,083,000 after purchasing an additional 202,322 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.7%

Shares of MELI stock opened at $1,921.96 on Friday. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The firm has a market cap of $97.44 billion, a PE ratio of 52.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.34. The stock has a 50 day moving average of $1,786.39 and a 200-day moving average of $1,774.91. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.65 by $0.54. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. MercadoLibre's quarterly revenue was up 49.8% on a year-over-year basis. During the same quarter last year, the company posted $10.31 earnings per share. On average, equities analysts predict that MercadoLibre, Inc. will post 39.11 EPS for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several analyst reports. Citigroup increased their price target on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Daiwa Securities Group downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating and set a $1,800.00 price objective for the company. in a report on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 target price on shares of MercadoLibre in a research note on Wednesday, May 13th. UBS Group dropped their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a "neutral" rating on the stock in a report on Wednesday, May 13th. Finally, Morgan Stanley cut their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an "overweight" rating for the company in a research report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,272.00.

MercadoLibre Company 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.

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