2,156 Shares in MercadoLibre, Inc. $MELI Purchased by Titan Wealth CI Ltd

Titan Wealth CI Ltd bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,156 shares of the company’s stock, valued at approximately $4,343,000. MercadoLibre accounts for about 1.7% of Titan Wealth CI Ltd’s holdings, making the stock its 29th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC increased its holdings in MercadoLibre by 35.7% in the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after buying an additional 5 shares during the period. Interchange Capital Partners LLC increased its holdings in MercadoLibre by 2.1% in the 4th quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after buying an additional 5 shares during the period. Cornerstone Select Advisors LLC increased its holdings in MercadoLibre by 2.9% in the 4th quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock valued at $355,000 after buying an additional 5 shares during the period. Mitchell Capital Management Co. increased its holdings in MercadoLibre by 0.4% in the 4th quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock valued at $2,542,000 after buying an additional 5 shares during the period. Finally, Strategic Advisors LLC increased its holdings in MercadoLibre by 0.4% in the 4th quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock valued at $2,564,000 after buying an additional 5 shares during the period. 87.62% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

MercadoLibre Stock Up 1.7%

NASDAQ:MELI opened at $1,674.08 on Wednesday. The firm’s 50 day simple moving average is $1,713.47 and its 200 day simple moving average is $1,867.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company has a market cap of $84.88 billion, a PE ratio of 44.18, a P/E/G ratio of 1.01 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the business earned $9.74 earnings per share. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. On average, research analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Analysts Set New Price Targets

MELI has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of 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 report on Tuesday, April 7th. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a report on Friday, May 8th. Cantor Fitzgerald decreased their price target 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. Wedbush decreased their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.