MercadoLibre, Inc. $MELI Shares Acquired by Banque Transatlantique SA

Banque Transatlantique SA boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1,355.6% in the fourth quarter, HoldingsChannel reports. The firm owned 655 shares of the company’s stock after purchasing an additional 610 shares during the period. Banque Transatlantique SA’s holdings in MercadoLibre were worth $1,319,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MELI. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre during the 2nd quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth approximately $30,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.2%

MercadoLibre stock opened at $1,635.15 on Friday. 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 firm has a 50-day moving average price of $1,709.76 and a two-hundred day moving average price of $1,861.50. The firm has a market capitalization of $82.90 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.01 and a beta of 1.36. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the company posted $9.74 EPS. MercadoLibre’s revenue for the quarter was up 49.0% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Insider Activity

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost 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 $8,867,505.15. This represents a 12.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MELI. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a report on Tuesday, June 2nd. UBS Group reduced their target price 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. JPMorgan Chase & Co. decreased their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Finally, Barclays lowered their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

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.