MercadoLibre, Inc. $MELI Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its MercadoLibre stake by 1.3%, selling 639 shares and retaining 48,544 shares valued at approximately $83.9 million. Institutional investors collectively own 87.62% of MELI.
• MercadoLibre reported quarterly revenue of $10.17 billion, up 49.8% year over year, and EPS of $9.19, exceeding analyst expectations of $8.65.
• Analysts remain generally bullish, with 12 Buy ratings and six Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $2,251.88, compared with its quoted price of $1,854.88.

Robeco Institutional Asset Management B.V. trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,544 shares of the company's stock after selling 639 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.10% of MercadoLibre worth $83,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MELI. Wedbush Fund Advisers LLC purchased a new position in MercadoLibre during the second quarter valued at $29,000. Twin Lakes Capital Management LLC bought a new stake in MercadoLibre in the 2nd quarter valued at $31,000. Hanson & Doremus Investment Management bought a new stake in MercadoLibre in the 1st quarter valued at $35,000. Markowski Investments purchased a new stake in MercadoLibre in the 2nd quarter worth $36,000. Finally, Byrne Asset Management LLC bought a new position in shares of MercadoLibre during the 3rd quarter valued at about $40,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,854.88 on Thursday. The stock has a market cap of $94.04 billion, a price-to-earnings ratio of 50.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,428.00. The firm has a 50-day moving average of $1,862.77 and a two-hundred day moving average of $1,787.80.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $9.19 EPS for the quarter, topping analysts' consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period last year, the company posted $10.31 earnings per share. The company's quarterly revenue was up 49.8% compared to the same quarter last year. On average, research analysts forecast that MercadoLibre, Inc. will post 38.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MELI shares. Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,300.00 to $2,200.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. New Street Research initiated coverage on MercadoLibre in a research note on Wednesday, September 23rd. They issued a "buy" rating and a $2,450.00 price objective for the company. BTIG Research reiterated a "buy" rating and set a $2,150.00 price target on shares of MercadoLibre in a report on Thursday, September 3rd. Finally, Susquehanna raised their price objective on shares of MercadoLibre to $2,400.00 and gave the stock a "positive" rating in a research note on Tuesday, October 6th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average target price of $2,251.88.

MercadoLibre Company Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre's financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.

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