MercadoLibre, Inc. $MELI Stock Position Increased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 145,250 shares of the company’s stock after buying an additional 10,821 shares during the period. MercadoLibre makes up 0.5% of Universal Beteiligungs und Servicegesellschaft mbH’s holdings, making the stock its 26th largest position. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in MercadoLibre were worth $292,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre in the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre in the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre in the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. grew its holdings in shares of MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth $32,000. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MELI. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Wedbush decreased their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. UBS Group decreased their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,685.33.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,854.18 on Wednesday. The stock has a market cap of $94.00 billion, a PE ratio of 47.06, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. The business has a fifty day simple moving average of $1,786.63 and a 200-day simple moving average of $1,989.55. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 12 month low of $1,593.21 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The business had revenue of $8.76 billion during the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 51.5 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.