AlphaQuest LLC Buys 423 Shares of MercadoLibre, Inc. $MELI

AlphaQuest LLC lifted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 105.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 823 shares of the company’s stock after buying an additional 423 shares during the quarter. AlphaQuest LLC’s holdings in MercadoLibre were worth $1,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Darwin Wealth Management LLC bought a new stake in MercadoLibre during the second quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in MercadoLibre in the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. boosted its holdings in shares of MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares during the last quarter. Curio Wealth LLC lifted its holdings in MercadoLibre by 1,400.0% in the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after acquiring an additional 14 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in MercadoLibre in the 2nd quarter worth about $39,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MELI has been the topic of a number of research reports. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. BTIG Research restated a “buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a report on Thursday, December 4th. Citigroup reduced their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Morgan Stanley lifted their price objective on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, Barclays upped their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,876.88.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,147.79 on Friday. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 52.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.42. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22. The business has a 50 day simple moving average of $2,073.01 and a 200-day simple moving average of $2,218.10. 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 (NASDAQ:MELI) last issued its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). The company had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.MercadoLibre’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the business earned $7.83 earnings per share. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Insider Activity

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred 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 transaction, the director owned 257 shares in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,136 shares of company stock worth $2,308,788 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

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.