Deutsche Bank AG Makes New $279.44 Million Investment in MercadoLibre, Inc. $MELI

Key Points

• Deutsche Bank acquired 164,632 MercadoLibre shares in the second quarter, investing approximately $279.4 million for a 0.32% stake. Institutional investors collectively own 87.62% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and six Holds producing a consensus “Moderate Buy” rating and an average price target of $2,272.
• MercadoLibre exceeded quarterly expectations, reporting $9.19 in EPS and $10.17 billion in revenue, with revenue increasing 49.8% year over year.

Deutsche Bank AG acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 164,632 shares of the company's stock, valued at approximately $279,445,000. Deutsche Bank AG owned 0.32% of MercadoLibre as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter worth $26,000. Purpose Unlimited Inc. bought a new position in shares of MercadoLibre in the fourth quarter worth $28,000. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre in the second quarter worth $29,000. Finally, Curio Wealth LLC purchased a new position in shares of MercadoLibre in the fourth quarter valued at $30,000. 87.62% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a research report on Friday, May 8th. Morgan Stanley cut their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an "overweight" rating for the company in a report on Monday, May 11th. BTIG Research restated a "buy" rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Thursday, August 6th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of MercadoLibre in a research report on Thursday, July 2nd. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average price target of $2,272.00.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,779.14 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,548.50. The stock has a 50 day moving average price of $1,773.74 and a two-hundred day moving average price of $1,778.68. The company has a market capitalization of $90.20 billion, a P/E ratio of 48.39, a PEG ratio of 1.26 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results 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 firm had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business's revenue was up 49.8% on a year-over-year basis. During the same quarter last year, the business earned $10.31 earnings per share. Analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

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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