KPP Advisory Services LLC Invests $1.13 Million in MercadoLibre, Inc. $MELI

KPP Advisory Services LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 653 shares of the company’s stock, valued at approximately $1,129,000.

Other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors increased its position in MercadoLibre by 22.5% during the fourth quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock worth $4,481,812,000 after buying an additional 408,939 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MercadoLibre by 803.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock valued at $671,665,000 after acquiring an additional 296,543 shares in the last quarter. Norges Bank acquired a new stake in shares of MercadoLibre during the fourth quarter valued at $597,045,000. Marshall Wace LLP boosted its stake in shares of MercadoLibre by 184.8% during the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock valued at $628,083,000 after acquiring an additional 202,322 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in MercadoLibre by 4.9% during the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after purchasing an additional 164,120 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MELI shares. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a report on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a report on Wednesday, May 13th. Barclays cut their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and decreased their target price for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $2,150.00 target price on shares of MercadoLibre in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Trading Up 2.6%

Shares of MELI stock opened at $1,742.19 on Thursday. The firm’s 50-day simple moving average is $1,678.74 and its 200-day simple moving average is $1,834.91. 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 $2,548.50. The firm has a market cap of $88.33 billion, a P/E ratio of 45.98, a PEG ratio of 1.05 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $8.23 EPS 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%.The business’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same period last year, the company posted $9.74 EPS. As a group, equities analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This represents a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

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.