Thompson Siegel & Walmsley LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 238.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,030 shares of the company’s stock after purchasing an additional 1,430 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in MercadoLibre were worth $4,089,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in MELI. Laurel Wealth Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $26,000. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre during the 2nd quarter valued at about $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of MercadoLibre during the 3rd quarter valued at about $35,000. Finally, Strengthening Families & Communities LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at about $38,000. Institutional investors own 87.62% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on MELI shares. Benchmark decreased their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Wedbush reduced their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. 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 Activity
In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.
MercadoLibre Stock Performance
Shares of NASDAQ:MELI opened at $1,672.83 on Wednesday. The firm has a market cap of $84.81 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. The firm’s 50 day simple moving average is $1,720.80 and its 200-day simple moving average is $1,898.53. 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 quick ratio of 1.14 and a current ratio of 1.16.
MercadoLibre (NASDAQ:MELI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (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 business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the prior year, the business posted $9.74 earnings per share. MercadoLibre’s revenue for the quarter was up 49.0% on a year-over-year basis. As a group, equities analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.
About MercadoLibre
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.
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