14,519 Shares in MercadoLibre, Inc. $MELI Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,519 shares of the company’s stock, valued at approximately $29,249,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in MercadoLibre in the second quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in MercadoLibre in the third quarter worth $35,000. Holos Integrated Wealth LLC purchased a new stake in MercadoLibre in the fourth quarter worth $32,000. Finally, Rothschild Investment LLC lifted its stake in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The stock was purchased 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 directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by insiders.

MercadoLibre Price Performance

MELI opened at $1,695.65 on Friday. The stock has a fifty day simple moving average of $1,719.52 and a two-hundred day simple moving average of $1,902.46. 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 company has a market cap of $85.96 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 1.04 and a beta of 1.41. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. Research analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on MELI. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target for the company. in a research note on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research note on Wednesday, May 13th. Citigroup downgraded MercadoLibre from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Finally, UBS Group decreased their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

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.