MercadoLibre, Inc. $MELI Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Key Points

• Harel Insurance Investments & Financial Services Ltd. boosted its stake in MercadoLibre by 56.3% in the fourth quarter, adding 1,633 shares to hold 4,531 shares valued at about $9.12 million.
• Institutional investors now own 87.62% of MELI, with several firms (e.g., MFS, Principal, Barlow Wealth, Weitz) increasing positions in recent quarters.
• MercadoLibre reported quarterly EPS of $11.03 and revenue of $8.76 billion, trades near $1,818 with a $92.2 billion market cap, and carries a consensus analyst rating of “Moderate Buy” with a $2,685.33 price target.

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,531 shares of the company's stock after purchasing an additional 1,633 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in MercadoLibre were worth $9,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Weitz Investment Management Inc. acquired a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $8,647,000. Barlow Wealth Partners Inc. grew its stake in MercadoLibre by 126.7% in the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company's stock valued at $26,886,000 after acquiring an additional 6,429 shares during the period. Massachusetts Financial Services Co. MA grew its stake in MercadoLibre by 14.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company's stock valued at $202,610,000 after acquiring an additional 10,849 shares during the period. Principal Financial Group Inc. grew its stake in MercadoLibre by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 48,103 shares of the company's stock valued at $112,414,000 after acquiring an additional 7,570 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in MercadoLibre by 5.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,560 shares of the company's stock valued at $27,015,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Trading Up 0.3%

Shares of MELI opened at $1,818.23 on Wednesday. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm's fifty day moving average is $1,757.32 and its two-hundred day moving average is $1,969.85. The stock has a market cap of $92.18 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company had revenue of $8.76 billion for the quarter. Research analysts forecast that MercadoLibre, Inc. will post 48.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MELI. Jefferies Financial Group raised shares of MercadoLibre from a "hold" rating to a "buy" rating and dropped their price target for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings cut shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 8th. BTIG Research reissued a "buy" rating and issued a $2,400.00 price target on shares of MercadoLibre in a research note on Friday, April 10th. Finally, Itau BBA Securities reissued an "outperform" rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus price target of $2,685.33.

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.

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