Capital International Inc. CA Grows Stock Position in MercadoLibre, Inc. $MELI

Key Points

• Capital International Inc. CA raised its stake in MercadoLibre by 1.7% in Q3 to 52,730 shares (worth about $123.2 million), representing roughly 0.10% of MercadoLibre and ranking MELI as Capital International’s 24th-largest holding (about 1.0% of its portfolio).
• In the most recent quarter MercadoLibre reported EPS of $11.03, missing estimates by $0.63, while revenue of $8.76 billion beat expectations and grew 44.6% year-over-year.
• Analysts have an average rating of "Moderate Buy" on MELI with an average target price of $2,762, amid mixed firm-level adjustments (BTIG cut its target to $2,650); institutional investors own 87.62% of the stock while insiders hold about 0.25%.

Capital International Inc. CA increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,730 shares of the company's stock after purchasing an additional 869 shares during the quarter. MercadoLibre accounts for approximately 1.0% of Capital International Inc. CA's holdings, making the stock its 24th biggest position. Capital International Inc. CA owned approximately 0.10% of MercadoLibre worth $123,227,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quadcap Wealth Management LLC grew its holdings in MercadoLibre by 4.2% during the second quarter. Quadcap Wealth Management LLC now owns 124 shares of the company's stock worth $324,000 after acquiring an additional 5 shares during the period. PFW Advisors LLC increased its holdings in shares of MercadoLibre by 4.8% in the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company's stock valued at $257,000 after purchasing an additional 5 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of MercadoLibre by 3.5% in the third quarter. Yousif Capital Management LLC now owns 147 shares of the company's stock valued at $344,000 after purchasing an additional 5 shares during the period. Wilkinson Global Asset Management LLC boosted its holdings in MercadoLibre by 2.3% during the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company's stock worth $528,000 after buying an additional 5 shares in the last quarter. Finally, Hardy Reed LLC grew its position in MercadoLibre by 4.0% during the third quarter. Hardy Reed LLC now owns 131 shares of the company's stock worth $306,000 after buying an additional 5 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on MELI. Itau BBA Securities reaffirmed an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Zacks Research upgraded MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Friday, February 6th. Dbs Bank raised MercadoLibre from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 2nd. Weiss Ratings lowered MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, January 8th. Finally, BTIG Research cut their price target on MercadoLibre from $2,750.00 to $2,650.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,762.00.

MercadoLibre Price Performance

MELI stock opened at $1,769.52 on Tuesday. 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's 50 day moving average price is $2,019.51 and its 200 day moving average price is $2,135.12. The firm has a market cap of $89.71 billion, a P/E ratio of 44.91, a PEG ratio of 0.90 and a beta of 1.48. MercadoLibre, Inc. has a 1 year low of $1,654.24 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm's revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $12.61 earnings per share. On average, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of the company's stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm's stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. 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.

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.