B. Metzler seel. Sohn & Co. AG Purchases 1,983 Shares of MercadoLibre, Inc. $MELI

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in MercadoLibre by 14.7%, adding 1,983 shares to hold 15,472 shares valued at $36,157,000 at the end of the quarter.
• Analysts have trimmed price targets but mostly maintained Buy/Outperform ratings, leaving an average target of $2,785.33 and an overall consensus of "Moderate Buy".
• Insiders sold 1,136 shares worth about $2.31M over the last 90 days, while MercadoLibre's latest quarter showed an EPS miss ($11.03 vs. $11.66) alongside a 44.6% revenue increase to $8.76 billion.

B. Metzler seel. Sohn & Co. AG increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 14.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,472 shares of the company's stock after acquiring an additional 1,983 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in MercadoLibre were worth $36,157,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in MercadoLibre in the second quarter valued at $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. grew its position in shares of MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock valued at $37,000 after buying an additional 8 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company's stock valued at $44,000 after buying an additional 5 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of MercadoLibre in the third quarter valued at about $47,000. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wedbush reduced their price objective 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. BTIG Research cut their price target on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Cantor Fitzgerald decreased their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th. Itau BBA Securities reissued an "outperform" rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, UBS Group dropped their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $2,785.33.

Insider Buying and Selling

In related news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business'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 transaction of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,136 shares of company stock worth $2,308,788. Insiders own 0.25% of the company's stock.

MercadoLibre Stock Performance

Shares of MELI opened at $1,787.86 on Friday. MercadoLibre, Inc. has a 52 week low of $1,654.24 and a 52 week high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a 50 day moving average price of $2,024.42 and a two-hundred day moving average price of $2,140.50. The firm has a market capitalization of $90.64 billion, a P/E ratio of 45.38, a P/E/G ratio of 0.90 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results 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). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter in the previous year, the company earned $12.61 EPS. The business's revenue was up 44.6% compared to the same quarter last year. Equities analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.