MercadoLibre, Inc. $MELI Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 459,784 shares of the company’s stock after buying an additional 12,845 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of MercadoLibre worth $926,125,000 at the end of the most recent quarter.

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

MercadoLibre Price Performance

MELI opened at $1,589.60 on Friday. The stock’s 50-day moving average price is $1,715.68 and its 200 day moving average price is $1,873.83. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month 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. The firm has a market cap of $80.59 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 0.99 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the company posted $9.74 EPS. MercadoLibre’s revenue was up 49.0% on a year-over-year basis. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Insider Transactions at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MELI shares. JPMorgan Chase & Co. reduced their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Citigroup downgraded MercadoLibre from a “buy” rating to a “neutral” rating and reduced their target price for the company from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Finally, Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus 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.