Fiduciary Alliance LLC Has $2.71 Million Stock Holdings in MercadoLibre, Inc. $MELI

Fiduciary Alliance LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 97.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,449 shares of the company’s stock after purchasing an additional 715 shares during the quarter. Fiduciary Alliance LLC’s holdings in MercadoLibre were worth $2,713,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth approximately $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre during the fourth quarter worth approximately $28,000. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter valued at $29,000. Finally, Curio Wealth LLC acquired a new position in shares of MercadoLibre in the fourth quarter worth $30,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,619.25 on Friday. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22. The stock’s 50-day moving average is $1,691.19 and its two-hundred day moving average is $1,844.46. The firm has a market cap of $82.10 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14.

MercadoLibre (NASDAQ:MELI) last released its quarterly 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). The company had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue was up 49.0% compared to the same quarter last year. During the same quarter last year, the company posted $9.74 EPS. On average, analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MELI. Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a report on Friday, May 8th. Benchmark dropped their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and cut their price target for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a report on Friday, May 8th. Finally, Barclays lowered their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

MercadoLibre Company 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.