Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of MercadoLibre, Inc. (NASDAQ:MELI). In a filing disclosed on June 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in MercadoLibre stock on May 14th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
- Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
- Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
- Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.
MercadoLibre Stock Down 3.2%
Shares of MercadoLibre stock opened at $1,588.29 on Thursday. The stock has a market capitalization of $80.53 billion, a P/E ratio of 41.92, a PEG ratio of 1.01 and a beta of 1.36. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $1,720.65 and a two-hundred day moving average price of $1,878.24. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on MELI shares. Scotiabank decreased their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Cantor Fitzgerald cut their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, Benchmark cut their price target on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.
Get Our Latest Analysis on MELI
Insider Activity
In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre during the second quarter valued at approximately $29,000. Finally, Curio Wealth LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $30,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.
MercadoLibre News Roundup
Here are the key news stories impacting MercadoLibre this week:
- Positive Sentiment: Some investors are still viewing the recent pullback as an opportunity, pointing to MercadoLibre’s long-term growth potential and the case for watching the stock more closely after the selloff. Missed the AI rally? 3 reasons to watch MercadoLibre closely following its recent pullback
- Neutral Sentiment: MercadoLibre has recently outperformed on some days when the broader market slipped, showing that buyers are still willing to step in despite the broader weakness. MercadoLibre (MELI) Gains As Market Dips: What You Should Know
- Negative Sentiment: Rapid credit card expansion is pressuring Mercado Pago margins, with heavier loan-loss provisioning and expansion into new markets slowing NIMAL recovery. MercadoLibre Expands Credit Cards Rapidly: Is NIMAL Pressure Building?
- Negative Sentiment: Separate coverage says investors should be cautious because operating margins are declining, credit risks are increasing, and the stock’s valuation remains a concern after a sizable one-year decline. 3 Key Reasons Investors May Want to Avoid MercadoLibre Stock Right Now
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
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.
Featured Stories
- Five stocks we like better than MercadoLibre
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.
