Collaborative Fund Advisors LLC Takes Position in MercadoLibre, Inc. $MELI

Collaborative Fund Advisors LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,325 shares of the company’s stock, valued at approximately $2,291,000. MercadoLibre accounts for 1.4% of Collaborative Fund Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $26,000. Purpose Unlimited Inc. purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $28,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the 2nd quarter worth approximately $29,000. Finally, Curio Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $30,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and dropped their target price for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Morgan Stanley decreased their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Cantor Fitzgerald lowered their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Barclays dropped their price objective on 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. Finally, Citigroup downgraded MercadoLibre from a “buy” rating to a “neutral” rating and cut their price objective for the company from $2,200.00 to $1,950.00 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,763.36 on Monday. The firm has a market cap of $89.40 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 1.09 and a beta of 1.35. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. 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 company’s 50 day moving average is $1,674.97 and its two-hundred day moving average is $1,831.70.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm’s revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the company posted $9.74 EPS. On average, research analysts expect 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.