334 Shares in MercadoLibre, Inc. $MELI Purchased by SHP Wealth Management

SHP Wealth Management acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 334 shares of the company’s stock, valued at approximately $673,000.

A number of other institutional investors also recently added to or reduced their stakes in MELI. Laurel Wealth Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC bought a new stake in MercadoLibre in the fourth quarter valued at $26,000. Darwin Wealth Management LLC acquired a new position in MercadoLibre during the second quarter worth $29,000. Curio Wealth LLC acquired a new position in MercadoLibre during the fourth quarter worth $30,000. Finally, Holos Integrated Wealth LLC acquired a new position in MercadoLibre during the fourth quarter worth $32,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,635.15 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $1,706.94 and a 200 day simple moving average of $1,859.91. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22. The firm has a market cap of $82.90 billion, a P/E ratio of 43.16, a P/E/G ratio of 1.01 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last posted 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 firm 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%.The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the company posted $9.74 EPS. Sell-side analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MELI. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research note on Friday, May 8th. Barclays dropped their target price on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and cut their price target for the company from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target on the stock. in a research report on Friday, May 8th. Finally, Wedbush decreased their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Buying and Selling at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of 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 legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

MercadoLibre Company 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.