Csenge Advisory Group Purchases 377 Shares of MercadoLibre, Inc. $MELI

Csenge Advisory Group grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 31.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,595 shares of the company’s stock after purchasing an additional 377 shares during the quarter. Csenge Advisory Group’s holdings in MercadoLibre were worth $3,726,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in MercadoLibre during the 3rd quarter valued at $35,000. Highline Wealth Partners LLC lifted its position in shares of MercadoLibre by 366.7% during the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after acquiring an additional 11 shares in the last quarter. Curio Wealth LLC boosted its holdings in shares of MercadoLibre by 1,400.0% in the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after acquiring an additional 14 shares during the period. Finally, Stone House Investment Management LLC bought a new position in shares of MercadoLibre in the second quarter worth $39,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MELI. Morgan Stanley boosted their price objective on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. BTIG Research reissued a “buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Thursday, December 4th. Susquehanna reduced their price objective on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. Wedbush decreased their target price on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Finally, UBS Group cut their price target on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,842.94.

MercadoLibre Stock Down 1.1%

MELI stock opened at $2,075.01 on Friday. The company’s 50 day moving average is $2,049.41 and its 200 day moving average is $2,239.01. The stock has a market cap of $105.20 billion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a 1-year low of $1,723.90 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the firm earned $7.83 earnings per share. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Insider Transactions at MercadoLibre

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

MercadoLibre 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.