Entropy Technologies LP grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 64.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,760 shares of the company’s stock after acquiring an additional 3,032 shares during the period. Entropy Technologies LP’s holdings in MercadoLibre were worth $13,417,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre during the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $26,000. Purpose Unlimited Inc. bought a new stake in shares of MercadoLibre during the fourth quarter valued at about $28,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre during the second quarter valued at about $29,000. Finally, Curio Wealth LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth about $30,000. 87.62% of the stock is owned by institutional investors.
Insider Activity at MercadoLibre
In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by insiders.
Analyst Ratings Changes
Get Our Latest Research Report on MELI
MercadoLibre Stock Up 0.2%
Shares of NASDAQ MELI opened at $1,801.44 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $1,705.94 and a 200-day moving average of $1,815.81. The firm has a market capitalization of $91.33 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 1.11 and a beta of 1.35. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50.
MercadoLibre (NASDAQ:MELI – Get Free Report) last announced 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 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 analysts’ expectations of $8.29 billion. During the same period in the prior year, the business earned $9.74 earnings per share. The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. Sell-side analysts expect that MercadoLibre, Inc. will post 41 earnings per share for the current fiscal 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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