LM Advisors LLC Acquires 473 Shares of MercadoLibre, Inc. $MELI

LM Advisors LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 191.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 720 shares of the company’s stock after acquiring an additional 473 shares during the quarter. MercadoLibre comprises about 0.8% of LM Advisors LLC’s investment portfolio, making the stock its 17th largest holding. LM Advisors LLC’s holdings in MercadoLibre were worth $1,450,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Destination Wealth Management bought a new position in MercadoLibre during the fourth quarter worth about $1,805,000. Dixon Mitchell Investment Counsel Inc. increased its position in MercadoLibre by 474.3% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 4,250 shares of the company’s stock worth $8,561,000 after acquiring an additional 3,510 shares during the period. Entropy Technologies LP bought a new position in MercadoLibre in the 4th quarter valued at about $9,523,000. Eschler Asset Management LLP increased its holdings in MercadoLibre by 131.8% in the 4th quarter. Eschler Asset Management LLP now owns 364 shares of the company’s stock valued at $733,000 after buying an additional 207 shares during the period. Finally, Brown Advisory Inc. increased its holdings in MercadoLibre by 2,494.9% in the 4th quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock valued at $30,943,000 after buying an additional 14,770 shares during the period. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MELI has been the topic of several recent analyst reports. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a report on Friday, May 8th. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, Benchmark decreased their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Price Performance

MELI stock opened at $1,589.60 on Friday. The firm has a market cap of $80.59 billion, a P/E ratio of 41.95, a P/E/G ratio of 0.98 and a beta of 1.36. 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 company’s 50-day moving average price is $1,715.68 and its two-hundred day moving average price is $1,873.83. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22.

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 analysts’ consensus estimates of $8.75 by ($0.52). The company 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%.MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.74 earnings per share. On average, analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

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.