OneDigital Investment Advisors LLC Acquires Shares of 967 MercadoLibre, Inc. $MELI

OneDigital Investment Advisors LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 967 shares of the company’s stock, valued at approximately $1,642,000.

A number of other hedge funds have also modified their holdings of MELI. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre in the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth $26,000. Purpose Unlimited Inc. purchased a new position in MercadoLibre during the 4th quarter worth $28,000. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the 2nd quarter worth $29,000. Finally, Curio Wealth LLC acquired a new position in MercadoLibre in the fourth quarter valued at $30,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MELI. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a report on Friday, May 8th. UBS Group lowered their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Benchmark dropped their price target on 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. Morgan Stanley reduced their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Citigroup increased their price objective on MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,272.00.

View Our Latest Research Report on MELI

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,787.57 on Tuesday. The company has a market cap of $90.63 billion, a P/E ratio of 48.61, a P/E/G ratio of 1.26 and a beta of 1.34. The business has a fifty day simple moving average of $1,770.98 and a 200-day simple moving average of $1,782.12. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELIGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the business posted $10.31 earnings per share. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. Equities research analysts forecast that MercadoLibre, Inc. will post 39.11 EPS for the current year.

MercadoLibre Profile

(Free Report)

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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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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