Infusive Asset Management Inc. Acquires 324 Shares of MercadoLibre, Inc. $MELI

Infusive Asset Management Inc. grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,844 shares of the company’s stock after purchasing an additional 324 shares during the quarter. MercadoLibre makes up 2.4% of Infusive Asset Management Inc.’s portfolio, making the stock its 16th biggest position. Infusive Asset Management Inc.’s holdings in MercadoLibre were worth $5,729,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MELI. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $26,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $29,000. Curio Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $30,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $32,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MELI shares. Scotiabank reduced their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. BTIG Research restated a “buy” rating and issued a $2,150.00 price target on shares of MercadoLibre in a report on Tuesday, June 2nd. Wedbush reduced their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target for the company. in a report on Friday, May 8th. Finally, Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and cut their price objective for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

MercadoLibre Stock Down 1.3%

Shares of MercadoLibre stock opened at $1,589.60 on Friday. The firm’s 50 day moving average price is $1,715.68 and its 200-day moving average price is $1,873.83. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The company has a market cap of $80.59 billion, a P/E ratio of 41.95, a PEG ratio of 0.98 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (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 during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the previous year, the firm earned $9.74 EPS. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. On average, sell-side analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

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.