Swiss Life Asset Management Ltd Buys 414 Shares of MercadoLibre, Inc. $MELI

Swiss Life Asset Management Ltd lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,272 shares of the company’s stock after purchasing an additional 414 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in MercadoLibre were worth $16,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre during the 2nd quarter valued at $29,000. Holos Integrated Wealth LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $32,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of MercadoLibre during the 3rd quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Key MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Michael Burry reportedly bought MercadoLibre after the post-earnings weakness, which may signal that some investors see the pullback as a buying opportunity. MELI stock rises overnight after post-earnings tumble: Michael Burry buys the dip even as analysts flag caution
• Positive Sentiment: Several articles highlighted MercadoLibre’s long-term growth story in ecommerce, digital payments, and logistics across Latin America, reinforcing the bull case for the stock. MercadoLibre (MELI) Believed To Be Powering Commerce Across An Entire Continent
• Positive Sentiment: Coverage suggesting the stock may still be attractive after a steep share-price decline could encourage value-oriented buyers to step in. Is MercadoLibre (MELI) Still Attractive After A 35% Share Price Slide?
• Neutral Sentiment: Analyst-focused articles noted generally optimistic Wall Street ratings, but these reports were more commentary on consensus than fresh fundamental news. Is MercadoLibre (MELI) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: MarketBeat’s note on short interest showed no meaningful short position data change, so it does not appear to be a major price driver. Short interest update
• Negative Sentiment: BTIG reportedly cut its price target on MercadoLibre, and other broker commentary turned more cautious, which can weigh on sentiment. BTIG Research Cuts MercadoLibre (NASDAQ:MELI) Price Target to $2,150.00
• Negative Sentiment: Additional research notes described the stock as trading down because margin pressure from heavy growth investment is still a concern for investors. MELI Q1 Deep Dive: Strategic Investment Drives Revenue Growth but Compresses Margins

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,557.30 on Tuesday. The firm has a market capitalization of $78.96 billion, a P/E ratio of 41.10, a P/E/G ratio of 0.83 and a beta of 1.41. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock’s 50-day simple moving average is $1,749.43 and its two-hundred day simple moving average is $1,959.91. MercadoLibre, Inc. has a twelve month low of $1,536.71 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a return on equity of 30.84% and a net margin of 6.04%.The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the prior year, the company earned $9.74 earnings per share. MercadoLibre’s revenue was up 49.0% compared to the same quarter last year. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 47.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a research note on Friday. Morgan Stanley decreased their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday. Benchmark decreased their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research note on Friday. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Finally, UBS Group decreased their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,442.00.

About MercadoLibre

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.