PBU The Pension Fund of Early Childhood & Youth Educators Invests $23.47 Million in MercadoLibre, Inc. $MELI

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,651 shares of the company’s stock, valued at approximately $23,468,000. MercadoLibre makes up about 0.8% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also recently made changes to their positions in MELI. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre in the 2nd quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $30,000. Holos Integrated Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of MercadoLibre in the 3rd quarter worth approximately $35,000. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley dropped their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. UBS Group dropped their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a research report on Friday, May 8th. Scotiabank lowered their price objective 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. Finally, Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

MercadoLibre Stock Performance

MELI stock opened at $1,607.80 on Friday. The stock has a market capitalization of $81.51 billion, a PE ratio of 42.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.36. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $1,720.81 and its 200 day simple moving average is $1,887.84.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s revenue was up 49.0% compared to the same quarter last year. During the same period last year, the company posted $9.74 earnings per share. As a group, research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Buying and Selling at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by insiders.

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.