PFA Pension Forsikringsaktieselskab Invests $64.92 Million in MercadoLibre, Inc. $MELI

PFA Pension Forsikringsaktieselskab bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,126 shares of the company's stock, valued at approximately $64,923,000. PFA Pension Forsikringsaktieselskab owned approximately 0.06% of MercadoLibre at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Bison Wealth LLC bought a new stake in shares of MercadoLibre in the fourth quarter worth $206,000. Empowered Funds LLC increased its stake in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company's stock worth $1,483,000 after buying an additional 49 shares during the last quarter. Focus Partners Wealth increased its stake in shares of MercadoLibre by 42.0% in 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 during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MercadoLibre in the second quarter worth $261,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of MercadoLibre by 21.4% in the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company's stock worth $444,000 after buying an additional 30 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 3.2%

MELI stock opened at $1,850.05 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 1-year low of $1,593.21 and a 1-year high of $2,645.22. The firm has a fifty day moving average price of $1,760.90 and a two-hundred day moving average price of $1,972.77. The firm has a market cap of $93.80 billion, a price-to-earnings ratio of 46.96, a PEG ratio of 0.92 and a beta of 1.41.

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

Analyst Ratings Changes

A number of analysts recently issued reports on MELI shares. Weiss Ratings lowered shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 8th. Jefferies Financial Group upgraded shares of 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 note on Tuesday, April 7th. Zacks Research lowered shares of MercadoLibre from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 22nd. Wedbush dropped their price target 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, Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an "overweight" rating for the company in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and an average target price 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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