Flossbach Von Storch SE Sells 1,946 Shares of MercadoLibre, Inc. $MELI

Key Points

• Flossbach Von Storch SE trimmed its stake in MercadoLibre (NASDAQ: MELI) by 1.1% in Q4, selling 1,946 shares to hold 179,773 shares (about 1.4% of its portfolio), equivalent to roughly 0.35% of MELI worth $362.11 million.
• Several large institutions—including Baillie Gifford, Capital Research, Capital World Investors and Schroder—added to their positions recently, and institutional investors now own about 87.62% of the stock.
• Wall Street has a consensus rating of "Moderate Buy" with a $2,685.33 price target, although multiple analysts have trimmed targets or ratings lately (e.g., UBS to $2,700; JPMorgan downgraded to Neutral at $2,100).

Flossbach Von Storch SE cut its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,773 shares of the company's stock after selling 1,946 shares during the period. MercadoLibre accounts for about 1.4% of Flossbach Von Storch SE's portfolio, making the stock its 24th biggest position. Flossbach Von Storch SE owned about 0.35% of MercadoLibre worth $362,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MELI. Baillie Gifford & Co. raised its holdings in MercadoLibre by 4.9% during the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company's stock valued at $7,012,773,000 after buying an additional 164,120 shares during the period. Capital Research Global Investors boosted its stake in MercadoLibre by 3.4% during the third quarter. Capital Research Global Investors now owns 1,816,092 shares of the company's stock worth $4,244,604,000 after buying an additional 59,838 shares during the period. Capital World Investors boosted its stake in MercadoLibre by 1.3% during the third quarter. Capital World Investors now owns 1,740,129 shares of the company's stock worth $4,067,194,000 after buying an additional 22,659 shares during the period. Schroder Investment Management Group increased its position in MercadoLibre by 9.8% during the third quarter. Schroder Investment Management Group now owns 572,726 shares of the company's stock valued at $1,432,565,000 after acquiring an additional 50,893 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in MercadoLibre by 0.4% during the third quarter. WCM Investment Management LLC now owns 497,518 shares of the company's stock valued at $1,244,447,000 after acquiring an additional 1,833 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MELI has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of 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. JPMorgan Chase & Co. downgraded shares of MercadoLibre from an "overweight" rating to a "neutral" rating and cut their price target for the company from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Weiss Ratings lowered shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 8th. Wedbush decreased 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 note on Wednesday, February 25th. Finally, BTIG Research restated a "buy" rating and set a $2,400.00 target price on shares of MercadoLibre in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,685.33.

MercadoLibre Stock Up 0.2%

NASDAQ:MELI opened at $1,839.28 on Tuesday. MercadoLibre, Inc. has a twelve month low of $1,593.21 and a twelve month high of $2,645.22. The company has a market cap of $93.25 billion, a price-to-earnings ratio of 46.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49. The stock has a fifty day simple moving average of $1,773.49 and a 200-day simple moving average of $1,979.32. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The firm had revenue of $8.76 billion for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. Analysts anticipate that MercadoLibre, Inc. will post 50.05 EPS 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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