S&CO Inc. Takes $1.53 Million Position in MercadoLibre, Inc. $MELI

Key Points

• S&CO Inc. acquired a new 900-share stake in MercadoLibre during the second quarter, valued at approximately $1.53 million. Institutional investors collectively own 87.62% of the company.
• MercadoLibre reported quarterly EPS of $9.19, beating estimates of $8.65, while revenue rose 49.8% year over year to $10.17 billion, exceeding expectations.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $2,272, despite some recent target reductions and a downgrade to “Hold.”

S&CO Inc. bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 900 shares of the company's stock, valued at approximately $1,527,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its position in MercadoLibre by 2,494.9% during the 4th quarter. Brown Advisory Inc. now owns 15,362 shares of the company's stock worth $30,943,000 after purchasing an additional 14,770 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of MercadoLibre by 238.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company's stock valued at $4,089,000 after buying an additional 1,430 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of MercadoLibre by 10.9% in the fourth quarter. TIAA Trust National Association now owns 11,011 shares of the company's stock valued at $22,179,000 after buying an additional 1,083 shares during the last quarter. Deepwater Asset Management LLC boosted its stake in shares of MercadoLibre by 38.6% during the fourth quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company's stock worth $15,641,000 after buying an additional 2,164 shares during the period. Finally, PKO Investment Management Joint Stock Co boosted its stake in shares of MercadoLibre by 28.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 3,200 shares of the company's stock worth $6,446,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MELI shares. Scotiabank dropped their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a "sector outperform" rating on the stock in a research report on Thursday, May 7th. UBS Group decreased their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. BTIG Research reaffirmed a "buy" rating and set a $2,150.00 price objective on shares of MercadoLibre in a research report on Thursday, August 6th. Daiwa Securities Group downgraded MercadoLibre from a "buy" rating to a "hold" rating and set a $1,800.00 target price on the stock. in a research note on Friday, May 8th. Finally, The Goldman Sachs Group set a $2,100.00 target price on MercadoLibre in a report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,272.00.

MercadoLibre Trading Up 0.9%

Shares of MELI opened at $1,844.58 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average is $1,767.47 and its two-hundred day moving average is $1,788.68. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,548.50. The firm has a market capitalization of $93.52 billion, a P/E ratio of 50.17, a PEG ratio of 1.26 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.65 by $0.54. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.MercadoLibre's revenue was up 49.8% on a year-over-year basis. During the same period in the previous year, the firm posted $10.31 earnings per share. On average, research analysts predict that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

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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