MercadoLibre, Inc. $MELI Shares Acquired by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 60.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,434 shares of the company’s stock after acquiring an additional 539 shares during the period. Atlantic Union Bankshares Corp’s holdings in MercadoLibre were worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MELI. Assenagon Asset Management S.A. grew its stake in shares of MercadoLibre by 803.4% during 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. Flossbach Von Storch SE grew its stake in shares of MercadoLibre by 1,669.4% during the third quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock valued at $424,666,000 after acquiring an additional 171,449 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock valued at $7,012,773,000 after acquiring an additional 164,120 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of MercadoLibre by 28.4% during the third quarter. Wellington Management Group LLP now owns 493,770 shares of the company’s stock valued at $1,153,911,000 after acquiring an additional 109,228 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in MercadoLibre by 29.0% in the third quarter. Franklin Resources Inc. now owns 418,002 shares of the company’s stock worth $976,846,000 after purchasing an additional 93,854 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,607.37 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $1,739.42 and a two-hundred day moving average of $1,948.24. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The company has a market cap of $81.49 billion, a P/E ratio of 42.42, a PEG ratio of 0.93 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last issued its 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 net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the previous year, the firm earned $9.74 earnings per share. The business’s revenue was up 49.0% on a year-over-year basis. As a group, analysts anticipate that MercadoLibre, Inc. will post 42.53 EPS for the current year.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Some analysts remain constructive on MercadoLibre’s long-term growth story, citing the company’s strong top-line momentum and continued investment in its Latin American ecosystem. Morgan Stanley Says MercadoLibre (MELI) Investments Continue to Exceed Expectations
• Positive Sentiment: 24/7 Wall St. published a bullish outlook, arguing MercadoLibre could see significant upside based on strong analyst sentiment and its blockbuster revenue growth. Prediction: MercadoLibre Eyes 33% Jump as Analysts Turn Bullish
• Neutral Sentiment: Raymond James lowered its price target on MELI but kept a Strong Buy rating, suggesting confidence in the company’s outlook despite a more cautious valuation view. Raymond James Cuts MercadoLibre (MELI) Price Target, Stays Bullish
• Neutral Sentiment: JPMorgan also cut its price target and shifted to a neutral stance, reflecting mixed views after the latest results. MercadoLibre (NASDAQ:MELI) Price Target Cut to $1,900.00 by Analysts at JPMorgan Chase & Co.
• Negative Sentiment: Citi downgraded MercadoLibre, reinforcing concerns that the company’s aggressive reinvestment strategy will keep margins under pressure in the near term. Citigroup downgrades MercadoLibre (MELI)
• Negative Sentiment: Recent coverage highlighted continued margin compression after Q1 results, with earnings missing expectations even as revenue surged, adding to investor concern about near-term profitability. MercadoLibre (MELI) Is Down 13.1% After Margin Squeeze From Logistics And Fintech Investments

Analyst Ratings Changes

A number of equities analysts recently commented on MELI shares. UBS Group decreased their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Morgan Stanley decreased their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday. Benchmark decreased their price target 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, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and decreased their price target for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given 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 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.