Freemont Management S.A. Purchases 368 Shares of MercadoLibre, Inc. $MELI

Freemont Management S.A. increased its position in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 196.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 555 shares of the company’s stock after purchasing an additional 368 shares during the quarter. Freemont Management S.A.’s holdings in MercadoLibre were worth $1,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in MercadoLibre in the second quarter worth $29,000. Laurel Wealth Advisors LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of MercadoLibre during the third quarter valued at $35,000. Cullen Frost Bankers Inc. lifted its holdings in shares of MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares during the period. Finally, Holos Integrated Wealth LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at $32,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Daiwa Securities Group cut 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. BTIG Research cut their price objective on MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating for the company in a report on Friday, May 8th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and cut their price objective for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

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More MercadoLibre News

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MercadoLibre Stock Performance

MercadoLibre stock opened at $1,562.00 on Thursday. The stock has a 50-day simple moving average of $1,741.56 and a 200 day simple moving average of $1,952.14. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22. The stock has a market capitalization of $79.19 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 0.94 and a beta of 1.41.

MercadoLibre (NASDAQ:MELIGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion during 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%.MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.74 earnings per share. On average, research analysts anticipate that MercadoLibre, Inc. will post 42.53 earnings per share for the current fiscal year.

MercadoLibre Company Profile

(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.

See Also

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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