MercadoLibre (NASDAQ:MELI) Director Alejandro Nicolas Aguzin Purchases 600 Shares

MercadoLibre, Inc. (NASDAQ:MELI) Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MercadoLibre Stock Down 1.0%

Shares of NASDAQ MELI opened at $1,648.04 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $83.56 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. The stock’s fifty day simple moving average is $1,720.79 and its two-hundred day simple moving average is $1,909.87. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wedbush dropped their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Benchmark dropped their target price 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 dropped their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

Institutional Trading of MercadoLibre

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Glenmede Trust Co. NA lifted its holdings in shares of MercadoLibre by 46.6% during the 1st quarter. Glenmede Trust Co. NA now owns 4,967 shares of the company’s stock valued at $8,588,000 after purchasing an additional 1,579 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in MercadoLibre during the 1st quarter worth approximately $2,208,000. WNY Asset Management LLC purchased a new stake in MercadoLibre during the 1st quarter worth approximately $1,554,000. GKV Capital Management Co. Inc. purchased a new stake in MercadoLibre during the 1st quarter worth approximately $664,000. Finally, 7G Capital Management LLC grew its position in MercadoLibre by 736.0% during the 1st quarter. 7G Capital Management LLC now owns 4,180 shares of the company’s stock worth $7,227,000 after purchasing an additional 3,680 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Company 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.