MercadoLibre, Inc. $MELI Stock Position Boosted by Proem Advisors LLC

Proem Advisors LLC grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 91.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,500 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. MercadoLibre makes up about 1.5% of Proem Advisors LLC’s portfolio, making the stock its 9th biggest holding. Proem Advisors LLC’s holdings in MercadoLibre were worth $13,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MELI. Bison Wealth LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at $206,000. Empowered Funds LLC grew its holdings in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares in the last quarter. Focus Partners Wealth grew its holdings in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre during the 2nd quarter valued at $261,000. Finally, Gamco Investors INC. ET AL grew its holdings in MercadoLibre by 21.4% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Morgan Stanley lowered their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday. Raymond James Financial set a $2,000.00 price target on shares of MercadoLibre in a report on Friday. Finally, Barclays lowered their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,442.00.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,557.30 on Tuesday. The firm has a market cap of $78.96 billion, a P/E ratio of 41.10, a P/E/G ratio of 0.83 and a beta of 1.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 1-year low of $1,536.71 and a 1-year high of $2,645.22. The firm has a fifty day moving average of $1,749.43 and a two-hundred day moving average of $1,959.91.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 30.84% and a net margin of 6.04%.MercadoLibre’s revenue was up 49.0% on a year-over-year basis. During the same period in the prior year, the business earned $9.74 earnings per share. As a group, research analysts anticipate that MercadoLibre, Inc. will post 47.84 earnings per share for the current fiscal year.

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Michael Burry reportedly bought MercadoLibre after the post-earnings weakness, which may signal that some investors see the pullback as a buying opportunity. MELI stock rises overnight after post-earnings tumble: Michael Burry buys the dip even as analysts flag caution
• Positive Sentiment: Several articles highlighted MercadoLibre’s long-term growth story in ecommerce, digital payments, and logistics across Latin America, reinforcing the bull case for the stock. MercadoLibre (MELI) Believed To Be Powering Commerce Across An Entire Continent
• Positive Sentiment: Coverage suggesting the stock may still be attractive after a steep share-price decline could encourage value-oriented buyers to step in. Is MercadoLibre (MELI) Still Attractive After A 35% Share Price Slide?
• Neutral Sentiment: Analyst-focused articles noted generally optimistic Wall Street ratings, but these reports were more commentary on consensus than fresh fundamental news. Is MercadoLibre (MELI) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: MarketBeat’s note on short interest showed no meaningful short position data change, so it does not appear to be a major price driver. Short interest update
• Negative Sentiment: BTIG reportedly cut its price target on MercadoLibre, and other broker commentary turned more cautious, which can weigh on sentiment. BTIG Research Cuts MercadoLibre (NASDAQ:MELI) Price Target to $2,150.00
• Negative Sentiment: Additional research notes described the stock as trading down because margin pressure from heavy growth investment is still a concern for investors. MELI Q1 Deep Dive: Strategic Investment Drives Revenue Growth but Compresses Margins

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.