Oddo BHF Asset Management Sas Has $32.33 Million Position in MercadoLibre, Inc. $MELI

Oddo BHF Asset Management Sas boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,052 shares of the company’s stock after buying an additional 1,185 shares during the period. MercadoLibre comprises about 1.2% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 19th biggest holding. Oddo BHF Asset Management Sas’ holdings in MercadoLibre were worth $32,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $206,000. Empowered Funds LLC lifted its position in shares of 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 last quarter. Focus Partners Wealth increased its holdings in MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in MercadoLibre in the 2nd quarter worth about $261,000. Finally, Gamco Investors INC. ET AL increased its holdings in MercadoLibre by 21.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research note on Wednesday, May 13th. Cantor Fitzgerald cut their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Benchmark reduced their price objective on 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 price objective on MercadoLibre in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,255.33.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by insiders.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,646.36 on Tuesday. The business’s fifty day simple moving average is $1,714.30 and its 200 day simple moving average is $1,870.00. The firm has a market capitalization of $83.47 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

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