MercadoLibre (NASDAQ:MELI) Director Alejandro Nicolas Aguzin Purchases 600 Shares

MercadoLibre, Inc. (NASDAQ:MELI) Director Alejandro Nicolas Aguzin acquired 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction 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 trade represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

MercadoLibre Price Performance

MELI stock traded down $16.38 on Tuesday, reaching $1,648.04. 497,351 shares of the company’s stock were exchanged, compared to its average volume of 703,361. The stock has a fifty day moving average of $1,720.79 and a 200-day moving average of $1,909.87. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22. The firm has a market cap of $83.56 billion, a PE ratio of 43.50, a P/E/G ratio of 1.03 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data 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 business had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the company earned $9.74 EPS. The company’s revenue was up 49.0% on a year-over-year basis. As a group, equities analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Institutional Trading of MercadoLibre

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wilkinson Global Asset Management LLC lifted its position in shares of MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock valued at $528,000 after acquiring an additional 5 shares in the last quarter. Hardy Reed LLC lifted its position in shares of MercadoLibre by 4.0% in the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after acquiring an additional 5 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares in the last quarter. Interchange Capital Partners LLC lifted its position in shares of MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after acquiring an additional 5 shares in the last quarter. Finally, Cornerstone Select Advisors LLC lifted its position in shares of MercadoLibre by 2.9% in the fourth quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock valued at $355,000 after acquiring an additional 5 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lowered their target price for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Benchmark lowered their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lowered their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MercadoLibre 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.