MercadoLibre, Inc. $MELI Shares Bought by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 110.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 660 shares of the company’s stock after buying an additional 347 shares during the period. Prasad Wealth Partners LLC’s holdings in MercadoLibre were worth $1,141,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital Research Global Investors grew its position in shares of MercadoLibre by 22.5% during the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock valued at $4,481,812,000 after acquiring an additional 408,939 shares during the period. Assenagon Asset Management S.A. raised its holdings in MercadoLibre by 803.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after purchasing an additional 296,543 shares during the period. Norges Bank acquired a new position in MercadoLibre in the 4th quarter worth about $597,045,000. Marshall Wace LLP boosted its position in MercadoLibre by 184.8% during the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock worth $628,083,000 after purchasing an additional 202,322 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after purchasing an additional 164,120 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insiders Place Their Bets

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Cantor Fitzgerald cut their price objective on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and decreased their target price for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Morgan Stanley dropped their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Benchmark reduced their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,763.36 on Friday. The firm has a 50-day simple moving average of $1,676.92 and a 200-day simple moving average of $1,833.13. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $89.40 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 1.07 and a beta of 1.35. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $9.74 earnings per share. On average, equities analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Analysts and market commentary are highlighting MercadoLibre’s improving growth trajectory in Brazil, with faster GMV, more items sold, rising active buyers, and better logistics efficiency supporting the investment case. MercadoLibre (NasdaqGS:MELI) Leans On Brazil As Growth And Efficiency Pick Up
• Positive Sentiment: Several bullish articles argue MercadoLibre remains a strong long-term e-commerce winner, emphasizing that patience and long-term compounding could favor investors. If I Could Invest $1,000 Into Just 1 Stock in July, It Would Be MercadoLibre By a Mile
• Positive Sentiment: One valuation-focused piece suggests the stock may still offer upside on a cash-flow basis, even if traditional earnings multiples look rich. Is MercadoLibre (NasdaqGS:MELI) Cheap On Cash Flow Or Too Pricey On Earnings?
• Neutral Sentiment: Market commentary noted the stock recently outperformed a down market session, but this appears to be a short-term trading update rather than a major fundamental catalyst. MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
• Negative Sentiment: Multiple securities-fraud investigations were announced by law firms, creating legal uncertainty and a potential reputational overhang for MercadoLibre and its investors. MERCADOLIBRE, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
• Negative Sentiment: Additional law-firm notices about alleged securities-law violations may reinforce investor caution until the situation is clarified. Securities Fraud Investigation Into MercadoLibre, Inc. (MELI) Announced

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.