Ardsley Advisory Partners LP bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,200 shares of the company’s stock, valued at approximately $2,417,000.
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 in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre in the second quarter valued at $29,000. Curio Wealth LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at $30,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at $32,000. 87.62% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on MELI shares. Wedbush decreased their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Cantor Fitzgerald reduced 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 report on Tuesday, April 21st. Benchmark reduced their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. 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 issued a Sell rating to the stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.
Insider Buying and Selling
In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.
MercadoLibre Stock Down 2.5%
MELI opened at $1,631.82 on Thursday. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week 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. The company has a market capitalization of $82.73 billion, a P/E ratio of 43.07, a P/E/G ratio of 1.03 and a beta of 1.36. The stock has a fifty day moving average of $1,711.90 and a 200-day moving average of $1,864.64.
MercadoLibre (NASDAQ:MELI – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share 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 firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the business posted $9.74 EPS. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. On average, equities analysts expect 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.
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