Brown Advisory Inc. Boosts Position in MercadoLibre, Inc. $MELI

Brown Advisory Inc. boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2,494.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,362 shares of the company’s stock after buying an additional 14,770 shares during the period. Brown Advisory Inc.’s holdings in MercadoLibre were worth $30,943,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bison Wealth LLC purchased a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $206,000. Empowered Funds LLC raised its stake in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares during the period. Focus Partners Wealth raised its stake in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of MercadoLibre during the second quarter valued at approximately $261,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of MercadoLibre by 21.4% during the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MELI. UBS Group dropped their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Citigroup downgraded shares of 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. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their price target for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Wedbush cut their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly 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 can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

MercadoLibre Trading Up 3.6%

Shares of MELI opened at $1,646.36 on Tuesday. The business’s 50-day moving average price is $1,714.30 and its 200 day moving average price is $1,870.00. The stock has a market capitalization of $83.47 billion, a P/E ratio of 43.45, a P/E/G ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last issued its quarterly 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). The company had revenue of $8.85 billion during 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 company’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period in the prior year, the business posted $9.74 EPS. Analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current 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.