MercadoLibre, Inc. $MELI Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,968 shares of the company’s stock after purchasing an additional 2,107 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of MercadoLibre worth $217,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MELI. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre in the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre in the 3rd quarter valued at $35,000. Highline Wealth Partners LLC increased its holdings in MercadoLibre by 366.7% in the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after acquiring an additional 11 shares in the last quarter. Curio Wealth LLC raised its position in MercadoLibre by 1,400.0% during the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after acquiring an additional 14 shares during the period. Finally, Stone House Investment Management LLC purchased a new position in MercadoLibre during the second quarter valued at $39,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stelleo Tolda sold 246 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,136 shares of company stock valued at $2,308,788 over the last ninety days. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MELI shares. Susquehanna cut their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. Citigroup cut their price objective on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Morgan Stanley raised their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. BTIG Research reaffirmed a “buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald reduced their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,842.94.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,137.29 on Friday. MercadoLibre, Inc. has a one year low of $1,723.90 and a one year high of $2,645.22. The stock has a market cap of $108.36 billion, a PE ratio of 52.15, a P/E/G ratio of 1.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a 50 day moving average price of $2,051.07 and a 200 day moving average price of $2,224.91.

MercadoLibre (NASDAQ:MELI) last released 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 company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the firm posted $7.83 EPS. The business’s quarterly revenue was up 39.5% on a year-over-year basis. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.