MercadoLibre, Inc. $MELI Shares Purchased by World Investment Advisors

World Investment Advisors grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 67.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,318 shares of the company’s stock after buying an additional 532 shares during the period. World Investment Advisors’ holdings in MercadoLibre were worth $2,656,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the 2nd quarter worth about $29,000. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC purchased a new position in MercadoLibre in the 4th quarter valued at about $26,000. Curio Wealth LLC acquired a new stake in shares of MercadoLibre during the 4th quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre during the 3rd quarter worth about $35,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. 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 research report on Monday, May 11th. Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. The Goldman Sachs Group set a $2,100.00 target price on shares of MercadoLibre in a research note on Wednesday, May 13th. Finally, Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target for the company. in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,255.33.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,635.15 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market cap of $82.90 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.01 and a beta of 1.36. The stock’s 50-day moving average price is $1,706.94 and its two-hundred day moving average price is $1,859.91. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 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 net margin of 6.04% and a return on equity of 29.58%. The company’s revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the company earned $9.74 EPS. On average, research analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current year.

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.