Moody National Bank Trust Division raised its position in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 59.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,170 shares of the company’s stock after acquiring an additional 437 shares during the period. Moody National Bank Trust Division’s holdings in MercadoLibre were worth $2,022,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of MELI. Total Clarity Wealth Management Inc. lifted its holdings in shares of MercadoLibre by 5.2% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 122 shares of the company’s stock valued at $211,000 after purchasing an additional 6 shares during the last quarter. Y.D. More Investments Ltd grew its stake in MercadoLibre by 24.0% during the 1st quarter. Y.D. More Investments Ltd now owns 31 shares of the company’s stock worth $53,000 after buying an additional 6 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in MercadoLibre by 2.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 212 shares of the company’s stock worth $367,000 after buying an additional 6 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in MercadoLibre by 0.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,227 shares of the company’s stock valued at $2,083,000 after buying an additional 6 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in MercadoLibre by 4.9% during the 2nd quarter. Versant Capital Management Inc now owns 151 shares of the company’s stock valued at $256,000 after buying an additional 7 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.
MercadoLibre News Summary
Here are the key news stories impacting MercadoLibre this week:
- Positive Sentiment: Bank of America maintains a Buy rating. The firm’s decision to stick with its Buy recommendation signals continued confidence in MercadoLibre’s long-term growth outlook. Bank of America Securities Sticks to Their Buy Rating for MercadoLibre
- Positive Sentiment: Marketplace momentum remains strong. MercadoLibre’s gross merchandise volume rose 44% in the second quarter, supported by higher buyer engagement, seller growth and expanding cross-border commerce across Latin America. Analysts believe this growth has further room to run. MercadoLibre’s GMV Growth Has More Room to Run Across Markets
- Positive Sentiment: Some investors view the sell-off as an opportunity. Michael Burry and other hedge funds reportedly see potential value in the beaten-down shares, while one Wall Street outlook cited the possibility of substantial future gains if MercadoLibre’s investment cycle begins producing stronger profits. Is Michael Burry Right About MercadoLibre?
- Neutral Sentiment: Analyst sentiment is generally optimistic, and reports continue to examine potential catalysts that could send MELI higher. However, the articles do not identify a major new company announcement or specific near-term catalyst. Is MercadoLibre a Buy as Wall Street Analysts Look Optimistic?
- Negative Sentiment: Profit concerns are weighing on the stock. Although revenue is growing at its fastest pace in roughly four years, profits are shrinking and earnings estimates have drifted lower. Heavy investment and rising expenses are central concerns for shareholders. MercadoLibre Fell 15% Over 12 Months
- Negative Sentiment: Valuation and execution risks remain. MercadoLibre has underperformed over the past year as investors question whether aggressive spending will translate into durable margin expansion, despite strong growth in commerce and payments. Is MercadoLibre Finally Ready to Pay Off on Its Promise?
Analysts Set New Price Targets
View Our Latest Report on MELI
MercadoLibre Stock Performance
Shares of MercadoLibre stock traded down $2.62 on Tuesday, reaching $1,857.99. 532,380 shares of the stock were exchanged, compared to its average volume of 543,748. The business has a 50 day moving average price of $1,864.63 and a two-hundred day moving average price of $1,770.71. The firm has a market capitalization of $94.20 billion, a price-to-earnings ratio of 50.53, a PEG ratio of 1.19 and a beta of 1.31. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,428.00. 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:MELI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. MercadoLibre’s quarterly revenue was up 49.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.31 EPS. Analysts anticipate that MercadoLibre, Inc. will post 38.29 earnings per share for the current fiscal year.
MercadoLibre Profile
MercadoLibre, Inc (NASDAQ:MELI) operates a technology platform serving commerce and financial-services customers across Latin America. Its online marketplace connects buyers and sellers, offering products across categories including electronics, apparel, home goods, automotive products and consumer packaged goods.
The company also provides a range of supporting services, including Mercado Pago, a digital payments platform that enables online and in-person transactions, money transfers and other financial services.
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