MercadoLibre, Inc. $MELI Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 45.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995 shares of the company’s stock after buying an additional 311 shares during the period. Farther Finance Advisors LLC’s holdings in MercadoLibre were worth $2,325,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC purchased a new stake in MercadoLibre during the fourth quarter worth approximately $206,000. CW Advisors LLC acquired a new position in shares of MercadoLibre in the 1st quarter valued at $489,000. Smartleaf Asset Management LLC grew its position in shares of MercadoLibre by 14.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 47 shares of the company’s stock valued at $96,000 after buying an additional 6 shares during the last quarter. Comerica Bank grew its position in shares of MercadoLibre by 10.9% in the 1st quarter. Comerica Bank now owns 2,660 shares of the company’s stock valued at $5,189,000 after buying an additional 262 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in MercadoLibre by 16.9% during the 1st quarter. Ieq Capital LLC now owns 2,195 shares of the company’s stock worth $4,282,000 after acquiring an additional 317 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Up 0.1%

Shares of MercadoLibre stock opened at $1,997.24 on Friday. MercadoLibre, Inc. has a one year low of $1,693.01 and a one year high of $2,645.22. The company has a market cap of $101.26 billion, a P/E ratio of 48.74, a PEG ratio of 1.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a fifty day moving average of $2,089.27 and a two-hundred day moving average of $2,279.86.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The business had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the business posted $7.83 EPS. MercadoLibre’s revenue was up 39.5% compared to the same quarter last year. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on MELI shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a report on Friday, October 31st. Citigroup cut their price target on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Wedbush reduced their price objective on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Morgan Stanley increased their price objective on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Benchmark cut their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,842.94.

Insider Activity at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,136 shares of company stock worth $2,308,788 over the last 90 days. Company insiders own 0.25% of the company’s stock.

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.