DJE Kapital AG Takes Position in MercadoLibre, Inc. $MELI

DJE Kapital AG bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,776 shares of the company’s stock, valued at approximately $19,619,000.

A number of other hedge funds have also made changes to their positions in MELI. Bison Wealth LLC purchased a new stake in MercadoLibre during the 4th quarter worth $206,000. Empowered Funds LLC increased its stake in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares during the period. Focus Partners Wealth increased its stake in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new stake in MercadoLibre during the 2nd quarter worth $261,000. Finally, Gamco Investors INC. ET AL increased its stake in MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insiders Place Their Bets

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,610.00 on Friday. The firm has a market cap of $81.63 billion, a P/E ratio of 42.49, a P/E/G ratio of 0.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The firm has a fifty day moving average of $1,718.27 and a two-hundred day moving average of $1,875.83.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.MercadoLibre’s revenue was up 49.0% on a year-over-year basis. During the same period in the prior year, the business earned $9.74 earnings per share. As a group, research analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on MELI. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research note on Tuesday, June 2nd. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. Barclays dropped their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Scotiabank dropped their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre 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.