MercadoLibre, Inc. $MELI Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 164.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 801 shares of the company’s stock after acquiring an additional 498 shares during the period. Inspire Advisors LLC’s holdings in MercadoLibre were worth $1,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in MercadoLibre during the 3rd quarter worth approximately $35,000. Highline Wealth Partners LLC raised its holdings in shares of MercadoLibre by 366.7% during the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after acquiring an additional 11 shares during the last quarter. Curio Wealth LLC raised its holdings in shares of MercadoLibre by 1,400.0% during the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after acquiring an additional 14 shares during the last quarter. Finally, Stone House Investment Management LLC purchased a new position in shares of MercadoLibre in the second quarter valued at approximately $39,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

MercadoLibre stock opened at $2,075.01 on Monday. The company’s 50 day simple moving average is $2,049.41 and its 200-day simple moving average is $2,235.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company has a market capitalization of $105.20 billion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the business posted $7.83 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Insider Activity at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director owned 257 shares in the company, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,136 shares of company stock worth $2,308,788. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of a number of research reports. Citigroup decreased their price objective on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Susquehanna lowered their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Wedbush dropped their price objective on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. BTIG Research reissued a “buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a research note on Thursday, December 4th. Finally, Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,842.94.

MercadoLibre 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.