Inspire Trust Co. N.A. Makes New Investment in MercadoLibre, Inc. $MELI

Inspire Trust Co. N.A. purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, HoldingsChannel reports. The firm purchased 900 shares of the company’s stock, valued at approximately $1,813,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Laurel Wealth 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. Holos Integrated Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of MercadoLibre by 100.0% in the 3rd 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 last quarter. 87.62% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The stock was 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 $8,867,505.15. The trade was a 12.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

MercadoLibre Trading Down 0.0%

NASDAQ MELI opened at $1,695.53 on Friday. The stock has a market capitalization of $85.96 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.04 and a beta of 1.41. The stock’s 50 day moving average price is $1,719.41 and its two-hundred day moving average price is $1,903.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released 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). 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 last year, the company earned $9.74 EPS. The company’s revenue was up 49.0% compared to the same quarter last year. As a group, analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank lowered their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 7th. 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 note on Monday, May 11th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research note on Wednesday, May 13th. 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 note on Friday, May 8th. Finally, Morgan Stanley cut their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

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.