MercadoLibre, Inc. $MELI Stock Holdings Boosted by Schroder Investment Management Group

Key Points

• Schroder Investment Management Group raised its MercadoLibre stake by 9.8% in Q3 to 572,726 shares (about 1.13% of the company), a position worth roughly $1.43 billion, and institutional investors now own about 87.62% of the stock.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and an average price target of $2,785.33, though firms like JPMorgan and UBS recently cut their targets to $2,650 and $2,700 respectively.
• In the most recent quarter MercadoLibre missed EPS estimates ($11.03 vs. $11.66) but delivered 44.6% revenue growth to $8.76 billion; the stock trades near $1,787.86 with a market cap of about $90.6 billion and a P/E of 45.4.

Schroder Investment Management Group lifted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 572,726 shares of the company's stock after buying an additional 50,893 shares during the period. MercadoLibre makes up 1.1% of Schroder Investment Management Group's holdings, making the stock its 15th largest position. Schroder Investment Management Group owned about 1.13% of MercadoLibre worth $1,432,565,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bison Wealth LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $206,000. Empowered Funds LLC lifted its stake in MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company's stock valued at $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth boosted its holdings in MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company's stock worth $1,176,000 after buying an additional 178 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in MercadoLibre during the second quarter worth approximately $261,000. Finally, Atlantic Union Bankshares Corp grew its position in MercadoLibre by 94.3% in the second quarter. Atlantic Union Bankshares Corp now owns 204 shares of the company's stock worth $533,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on MercadoLibre from $2,800.00 to $2,650.00 and set an "overweight" rating for the company in a research report on Monday, March 2nd. Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Friday, February 6th. UBS Group decreased their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Dbs Bank raised MercadoLibre from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 2nd. Finally, Itau BBA Securities reiterated an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $2,785.33.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,787.86 on Monday. The company has a market capitalization of $90.64 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 0.90 and a beta of 1.48. MercadoLibre, Inc. has a 1-year low of $1,654.24 and a 1-year high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock's fifty day simple moving average is $2,024.42 and its 200-day simple moving average is $2,139.12.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing analysts' consensus estimates of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the business posted $12.61 earnings per share. The company's revenue was up 44.6% compared to the same quarter last year. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the business's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the transaction, the director owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.