Rheos Capital Works Inc. Purchases 4,000 Shares of MercadoLibre, Inc. $MELI

Rheos Capital Works Inc. lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 80.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,000 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Rheos Capital Works Inc.’s holdings in MercadoLibre were worth $21,032,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Optimize Financial Inc raised its position in MercadoLibre by 1.7% during the 1st quarter. Optimize Financial Inc now owns 238 shares of the company’s stock valued at $464,000 after purchasing an additional 4 shares during the last quarter. Range Financial Group LLC increased its stake in shares of MercadoLibre by 2.7% during the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after buying an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of MercadoLibre by 26.3% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock valued at $63,000 after acquiring an additional 5 shares in the last quarter. Quadcap Wealth Management LLC raised its holdings in shares of MercadoLibre by 4.2% during the second quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock valued at $324,000 after acquiring an additional 5 shares in the last quarter. Finally, PFW Advisors LLC lifted its stake in MercadoLibre by 4.8% in the third quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 1.8%

Shares of NASDAQ MELI opened at $2,187.04 on Wednesday. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a 50-day moving average of $2,071.93 and a 200 day moving average of $2,258.12. The stock has a market cap of $110.88 billion, a P/E ratio of 53.37, a price-to-earnings-growth ratio of 1.07 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The business had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same quarter last year, the company posted $7.83 EPS. MercadoLibre’s revenue for the quarter was up 39.5% compared to the same quarter last year. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on MELI. Benchmark reduced their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Susquehanna reduced their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Morgan Stanley increased their price target on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,842.94.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the sale, the director directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,136 shares of company stock valued at $2,308,788 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

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.