Key Points
- MercadoLibre director Alejandro Nicolas Aguzin bought 600 shares on May 22 at an average price of $1,655.93, a transaction worth about $993,558. His stake increased 12.62% to 5,355 shares.
- The company recently reported quarterly earnings of $8.23 per share, which missed analyst expectations of $8.75, but revenue came in above estimates at $8.85 billion and rose 49% year over year.
- Wall Street remains broadly positive on MercadoLibre, with analysts assigning an average “Moderate Buy” rating and a consensus price target of $2,255.33, though several firms recently lowered their targets.
MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
MercadoLibre Stock Performance
Shares of MELI opened at $1,648.04 on Wednesday. The stock has a 50-day moving average of $1,720.79 and a two-hundred day moving average of $1,909.87. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The stock has a market cap of $83.56 billion, a P/E ratio of 43.50, a P/E/G ratio of 1.03 and a beta of 1.41.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $8.23 EPS 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 firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the firm posted $9.74 EPS. The business's revenue was up 49.0% compared to the same quarter last year. As a group, research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.
Hedge Funds Weigh In On MercadoLibre
A number of institutional investors have recently modified their holdings of MELI. Laurel Wealth Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at about $26,000. Purpose Unlimited Inc. purchased a new position in shares of MercadoLibre during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre during the 2nd quarter valued at about $29,000. Finally, Curio Wealth LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 87.62% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. BTIG Research lowered their price target on MercadoLibre from $2,400.00 to $2,150.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Itau BBA Securities reaffirmed an "outperform" rating on shares of MercadoLibre in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price target on MercadoLibre from $2,100.00 to $1,900.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Jefferies Financial Group raised MercadoLibre from a "hold" rating to a "buy" rating and lowered their price target for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. 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 report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,255.33.
Check Out Our Latest Stock Report on MELI
MercadoLibre Company Profile
(
Get Free Report)
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.
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