James Hambro & Partners LLP Takes Position in MercadoLibre, Inc. $MELI

James Hambro & Partners LLP purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 42,015 shares of the company’s stock, valued at approximately $98,210,000. MercadoLibre accounts for 3.5% of James Hambro & Partners LLP’s holdings, making the stock its 17th largest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Darwin Wealth Management LLC bought a new position in MercadoLibre in the second quarter valued at approximately $29,000. Highline Wealth Partners LLC increased its stake in shares of MercadoLibre by 366.7% in the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after buying an additional 11 shares during the period. Twin Tree Management LP bought a new stake in MercadoLibre in the first quarter valued at approximately $29,000. Curio Wealth LLC increased its position in MercadoLibre by 1,400.0% during the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after purchasing an additional 14 shares during the period. Finally, Stone House Investment Management LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $39,000. 87.62% of the stock is currently owned by institutional investors.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MELI has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Morgan Stanley increased their price objective on 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 raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Barclays upped their price objective on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,842.94.

MercadoLibre Stock Up 0.1%

MELI opened at $1,995.07 on Wednesday. The company has a 50 day moving average of $2,091.21 and a 200 day moving average of $2,283.84. The company has a market cap of $101.15 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. MercadoLibre, Inc. has a 12 month low of $1,693.01 and a 12 month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The business had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company’s revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.83 EPS. On average, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current 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.