Achmea Investment Management B.V. Sells 2,054 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Achmea Investment Management B.V. decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 33.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,001 shares of the company’s stock after selling 2,054 shares during the quarter. Achmea Investment Management B.V.’s holdings in MercadoLibre were worth $5,072,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MELI. California Public Employees Retirement System increased its holdings in MercadoLibre by 1.5% during the 3rd quarter. California Public Employees Retirement System now owns 89,312 shares of the company’s stock valued at $113,237,000 after purchasing an additional 1,277 shares in the last quarter. Fifth Third Bancorp increased its holdings in MercadoLibre by 89.0% during the 2nd quarter. Fifth Third Bancorp now owns 966 shares of the company’s stock valued at $1,144,000 after purchasing an additional 455 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in MercadoLibre during the 2nd quarter valued at $5,466,000. WCM Investment Management LLC increased its holdings in MercadoLibre by 6,564.6% during the 3rd quarter. WCM Investment Management LLC now owns 665,189 shares of the company’s stock valued at $842,508,000 after purchasing an additional 655,208 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in MercadoLibre by 142.9% during the 3rd quarter. Csenge Advisory Group now owns 1,122 shares of the company’s stock valued at $1,423,000 after purchasing an additional 660 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MELI. Citigroup lifted their target price on MercadoLibre from $1,550.00 to $1,900.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Susquehanna raised their price target on MercadoLibre from $1,625.00 to $1,850.00 and gave the stock a “positive” rating in a research report on Tuesday, November 28th. Wedbush raised their price target on MercadoLibre from $1,700.00 to $1,800.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 27th. Bank of America upgraded MercadoLibre from a “neutral” rating to a “buy” rating and set a $2,000.00 price target on the stock in a research report on Monday, November 27th. Finally, StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,752.50.

Get Our Latest Stock Report on MercadoLibre

MercadoLibre Stock Performance

MELI traded up $57.00 during trading on Friday, hitting $1,795.80. The company’s stock had a trading volume of 382,520 shares, compared to its average volume of 359,944. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.80. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,799.27. The firm has a market cap of $90.80 billion, a PE ratio of 91.80, a P/E/G ratio of 1.18 and a beta of 1.56. The business’s 50 day simple moving average is $1,600.62 and its 200-day simple moving average is $1,390.44.

MercadoLibre (NASDAQ:MELIGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $5.88 by $1.28. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.57 billion. MercadoLibre had a net margin of 7.47% and a return on equity of 44.56%. The company’s quarterly revenue was up 43.0% on a year-over-year basis. During the same period last year, the firm earned $2.56 earnings per share. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 22.3 EPS for the current fiscal year.

About MercadoLibre

(Free Report)

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

See Also

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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