MercadoLibre, Inc. $MELI Shares Bought by Generali Powszechne Towarzystwo Emerytalne

Key Points

• Generali Powszechne Towarzystwo Emerytalne increased its stake in MercadoLibre by 50.0% in Q4, adding 5,030 shares to hold 15,100 shares worth about $30.42 million, which represents roughly 5.2% of the firm's portfolio and is its 6th largest position.
• Institutional ownership of MELI is high at 87.62%, while a number of smaller managers also added modest new positions during recent quarters.
• MercadoLibre trades around $1,872 with a market cap of $94.9B and a P/E of 47.5; analysts have a consensus rating of "Moderate Buy" with an average price target of $2,695.33, though several firms have recently trimmed targets to the $2,100–$2,600 range.

Generali Powszechne Towarzystwo Emerytalne raised its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,100 shares of the company's stock after acquiring an additional 5,030 shares during the quarter. MercadoLibre makes up approximately 5.2% of Generali Powszechne Towarzystwo Emerytalne's investment portfolio, making the stock its 6th largest position. Generali Powszechne Towarzystwo Emerytalne's holdings in MercadoLibre were worth $30,415,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MELI. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $29,000. Holos Integrated Wealth LLC acquired a new stake in MercadoLibre in the 4th quarter worth about $32,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre in the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in MercadoLibre in the 3rd quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock worth $37,000 after buying an additional 8 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.7%

Shares of NASDAQ:MELI opened at $1,872.12 on Thursday. 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 business has a fifty day moving average of $1,799.90 and a two-hundred day moving average of $2,003.83. The stock has a market cap of $94.92 billion, a P/E ratio of 47.52, a PEG ratio of 0.96 and a beta of 1.49. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. The company had revenue of $8.76 billion during the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley dropped their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Monday, March 9th. Itau BBA Securities reiterated an "outperform" rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Barclays dropped their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded MercadoLibre from a "hold" rating to a "buy" rating and dropped their price target for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. cut MercadoLibre from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2,695.33.

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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