Inspire Advisors LLC Purchases 498 Shares of MercadoLibre, Inc. $MELI

Inspire Advisors LLC raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 164.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 801 shares of the company’s stock after purchasing an additional 498 shares during the quarter. Inspire Advisors LLC’s holdings in MercadoLibre were worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. Lavaca Capital LLC increased its position in MercadoLibre by 140,201.3% in the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock worth $2,786,888,000 after buying an additional 1,065,530 shares in the last quarter. Norges Bank bought a new stake in MercadoLibre during the 2nd quarter worth approximately $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in MercadoLibre by 304.7% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after purchasing an additional 192,071 shares in the last quarter. Durable Capital Partners LP boosted its position in shares of MercadoLibre by 155.3% in the second quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock worth $386,775,000 after purchasing an additional 90,026 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of MercadoLibre by 7.0% in the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after purchasing an additional 81,124 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MELI shares. Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Benchmark decreased their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Susquehanna dropped 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,842.94.

Insider Activity

In other news, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,136 shares of company stock valued at $2,308,788. Company insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

MELI opened at $2,075.01 on Monday. The company has a market cap of $105.20 billion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $2,049.41 and its 200-day moving average price is $2,235.52. MercadoLibre, Inc. has a 52-week low of $1,723.90 and a 52-week high of $2,645.22.

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

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.