Perryman Financial Advisory Inc. AD Takes Position in MercadoLibre, Inc. $MELI

Perryman Financial Advisory Inc. AD purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 462 shares of the company’s stock, valued at approximately $931,000.

A number of other hedge funds have also bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre during the second quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $30,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $32,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MELI. Scotiabank reduced their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley dropped their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Benchmark lowered their price target on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $2,150.00 target price on shares of MercadoLibre in a research report on Tuesday, June 2nd. 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 given 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 price target of $2,255.33.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,589.60 on Monday. 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 capitalization of $80.59 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. 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 company has a fifty day moving average of $1,715.68 and a 200-day moving average of $1,872.88.

MercadoLibre (NASDAQ:MELI) last released 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 firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company’s revenue was up 49.0% compared to the same quarter last year. During the same period last year, the business earned $9.74 EPS. On average, equities analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

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.