Titan Investment Solutions Ltd Makes New $790,000 Investment in MercadoLibre, Inc. $MELI

Titan Investment Solutions Ltd purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 392 shares of the company’s stock, valued at approximately $790,000.

A number of other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in MercadoLibre by 4.9% during the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after acquiring an additional 164,120 shares during the last quarter. Capital Research Global Investors boosted its position in MercadoLibre by 22.5% during the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock worth $4,481,812,000 after acquiring an additional 408,939 shares during the last quarter. Capital World Investors boosted its position in MercadoLibre by 1.3% during the 3rd quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock worth $4,067,194,000 after acquiring an additional 22,659 shares during the last quarter. Capital International Investors boosted its position in MercadoLibre by 7.3% during the 4th quarter. Capital International Investors now owns 1,725,125 shares of the company’s stock worth $3,474,880,000 after acquiring an additional 118,018 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in MercadoLibre by 9.8% during the 3rd quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock worth $1,432,565,000 after acquiring an additional 50,893 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insiders Place Their Bets

In other MercadoLibre news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

MercadoLibre Trading Down 1.3%

NASDAQ MELI opened at $1,589.60 on Friday. The company has a market cap of $80.59 billion, a PE ratio of 41.95, a PEG ratio of 0.99 and a beta of 1.36. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The stock has a 50 day moving average of $1,715.68 and a 200-day moving average of $1,873.83.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data 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 net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the company posted $9.74 EPS. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MELI shares. Barclays cut their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and cut their price objective for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Finally, Citigroup downgraded MercadoLibre from a “buy” rating to a “neutral” rating and cut their price objective for the company from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. One equities 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price 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.