Gemsstock Ltd. Takes Position in MercadoLibre, Inc. $MELI

Gemsstock Ltd. purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,500 shares of the company’s stock, valued at approximately $17,121,000. MercadoLibre accounts for 2.5% of Gemsstock Ltd.’s holdings, making the stock its 16th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in MercadoLibre during the fourth quarter valued at about $26,000. Darwin Wealth Management LLC bought a new position in MercadoLibre during the second quarter valued at about $29,000. Curio Wealth LLC bought a new position in MercadoLibre during the fourth quarter valued at about $30,000. Holos Integrated Wealth LLC bought a new position in MercadoLibre during the fourth quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in MercadoLibre during the third quarter valued at about $35,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Wedbush reduced their price target on shares of 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. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Citigroup lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price target for the company from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. Finally, BTIG Research restated a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Tuesday, June 2nd. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,589.60 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 firm has a market capitalization of $80.59 billion, a PE ratio of 41.95, a P/E/G ratio of 0.99 and a beta of 1.36. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22. The company has a 50-day moving average price of $1,715.68 and a two-hundred day moving average price of $1,873.83.

MercadoLibre (NASDAQ:MELI) last issued its earnings results 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). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the prior year, the business earned $9.74 EPS. MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. Equities analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Insider Activity 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 stock was bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.

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.