Danske Bank A S Takes Position in MercadoLibre, Inc. $MELI

Key Points

• Danske Bank bought a new stake of 34,707 shares in MercadoLibre in Q3, valued at approximately $81.1 million, leaving it with a 0.07% position at quarter-end; overall institutional ownership stands at 87.62%.
• In the latest quarter MercadoLibre reported EPS of $11.03 (missing estimates by $0.63) while revenue of $8.76 billion beat expectations and rose 44.6% year-over-year, with a net margin of 6.91%.
• MercadoLibre has a market cap of $87.6 billion and trades around $1,728 with a 52-week range of $1,631–$2,645, and analysts hold an average rating of "Moderate Buy" with a consensus target price of $2,725.33.

Danske Bank A S bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 34,707 shares of the company's stock, valued at approximately $81,108,000. Danske Bank A S owned 0.07% of MercadoLibre at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MELI. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre in the third quarter valued at $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre in the third quarter valued at $35,000. Cullen Frost Bankers Inc. raised its position in shares of MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock valued at $37,000 after purchasing an additional 8 shares during the period. Finally, Rothschild Investment LLC raised its position 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 purchasing an additional 5 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Down 0.2%

MELI stock opened at $1,728.14 on Wednesday. MercadoLibre, Inc. has a 52 week low of $1,631.18 and a 52 week high of $2,645.22. The company has a market capitalization of $87.62 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.48. The company's 50-day simple moving average is $1,978.71 and its 200 day simple moving average is $2,104.96. 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 (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing the consensus estimate of $11.66 by ($0.63). The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.MercadoLibre's revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm earned $12.61 EPS. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

MELI has been the subject of several research analyst reports. Dbs Bank raised shares of MercadoLibre from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 2nd. Weiss Ratings cut shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, January 8th. Wedbush cut their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. BTIG Research reduced their price objective on MercadoLibre from $2,750.00 to $2,650.00 and set a "buy" rating for the company in a report on Wednesday, February 25th. Finally, Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus target price of $2,725.33.

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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