MercadoLibre, Inc. $MELI Shares Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,764 shares of the company’s stock after purchasing an additional 532 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in MercadoLibre were worth $17,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MELI. Bison Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $206,000. Empowered Funds LLC boosted its holdings in shares of MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $261,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Barclays lowered their target price on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a report on Friday, May 8th. Finally, BTIG Research restated a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Stock Down 1.3%

MELI stock opened at $1,589.60 on Friday. The firm has a market cap of $80.59 billion, a PE ratio of 41.95, a PEG ratio of 0.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm’s 50 day moving average price is $1,715.68 and its 200-day moving average price is $1,873.83. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.74 EPS. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director owned 5,355 shares in the company, valued at $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

MercadoLibre Company 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.