National Pension Service Has $228.69 Million Stake in MercadoLibre, Inc. $MELI

National Pension Service decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 9.2% in the fourth quarter, HoldingsChannel reports. The firm owned 113,535 shares of the company’s stock after selling 11,555 shares during the period. National Pension Service’s holdings in MercadoLibre were worth $228,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pasadena Private Wealth LLC acquired a new position in MercadoLibre in the 4th quarter worth approximately $1,106,000. Inspire Trust Co. N.A. acquired a new position in MercadoLibre in the 4th quarter worth approximately $1,813,000. Intech Investment Management LLC boosted its stake in MercadoLibre by 0.5% in the 4th quarter. Intech Investment Management LLC now owns 2,309 shares of the company’s stock worth $4,651,000 after purchasing an additional 11 shares during the period. Foundations Investment Advisors LLC boosted its stake in MercadoLibre by 25.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 205 shares of the company’s stock worth $412,000 after purchasing an additional 41 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in MercadoLibre by 3.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 552 shares of the company’s stock worth $1,112,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.

MercadoLibre Stock Performance

Shares of MELI opened at $1,695.65 on Friday. The company has a market capitalization of $85.97 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 1.04 and a beta of 1.41. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The company’s fifty day moving average price is $1,719.52 and its 200 day moving average price is $1,902.46.

MercadoLibre (NASDAQ:MELI) last announced its 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 firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue was up 49.0% compared to the same quarter last year. During the same quarter last year, the business earned $9.74 EPS. As a group, analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on MELI shares. Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Citigroup lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and decreased their target price for the company from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. BTIG Research decreased their target price on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Benchmark decreased their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

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.