Fideuram Asset Management Ireland dac Makes New $1.32 Million Investment in MercadoLibre, Inc. $MELI

Fideuram Asset Management Ireland dac bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 622 shares of the company’s stock, valued at approximately $1,319,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wilkinson Global Asset Management LLC boosted its stake in MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after buying an additional 5 shares in the last quarter. Hardy Reed LLC lifted its position in MercadoLibre by 4.0% in the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after purchasing an additional 5 shares during the last quarter. Rothschild Investment LLC lifted its position in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the last quarter. Interchange Capital Partners LLC lifted its position in MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after purchasing an additional 5 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in MercadoLibre by 2.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock valued at $605,000 after purchasing an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price 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 in the company, valued at $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $1,695.65 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 company has a market cap of $85.97 billion, a PE ratio of 44.75, a P/E/G ratio of 1.04 and a beta of 1.41. The business has a 50 day moving average of $1,719.52 and a 200 day moving average of $1,902.46. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business 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%. MercadoLibre’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.74 EPS. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Analyst Ratings Changes

MELI has been the subject of several recent research reports. BTIG Research lowered their price objective on MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Cantor Fitzgerald lowered their price objective 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. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Wedbush lowered their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, Citigroup downgraded MercadoLibre from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

About MercadoLibre

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.