Diversified Trust Co Buys 629 Shares of MercadoLibre, Inc. $MELI

Diversified Trust Co boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 125.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,129 shares of the company’s stock after acquiring an additional 629 shares during the quarter. Diversified Trust Co’s holdings in MercadoLibre were worth $1,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter worth $26,000. Transamerica Financial Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth $26,000. Purpose Unlimited Inc. purchased a new stake in shares of MercadoLibre during the fourth quarter worth about $28,000. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the 2nd quarter valued at approximately $29,000. Finally, Curio Wealth LLC purchased a new position in MercadoLibre during the fourth quarter valued at $30,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wedbush reduced their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Barclays decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a research report on Friday, May 8th. Scotiabank lowered their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Buying and Selling at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

MercadoLibre Stock Down 2.8%

MercadoLibre stock opened at $1,589.45 on Tuesday. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The stock has a market capitalization of $80.59 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 1.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The business has a fifty day moving average price of $1,702.87 and a 200-day moving average price of $1,854.76.

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 the consensus estimate of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the company earned $9.74 EPS. The business’s revenue was up 49.0% compared to the same quarter last year. Equities research analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

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.