Alesco Advisors LLC An ESL Co Takes $730,000 Position in MercadoLibre, Inc. $MELI

Alesco Advisors LLC An ESL Co purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 422 shares of the company’s stock, valued at approximately $730,000.

Other large investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC bought a new position in MercadoLibre in the 4th quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new position in MercadoLibre in the 4th quarter valued at approximately $28,000. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the 2nd quarter valued at $29,000. Finally, Curio Wealth LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at $30,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MELI shares. Daiwa Securities Group cut shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a research note on Friday, May 8th. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a report on Friday, May 8th. UBS Group dropped their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, BTIG Research restated a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average target price of $2,258.67.

MercadoLibre Stock Down 0.5%

NASDAQ MELI opened at $1,822.65 on Wednesday. The stock’s 50-day moving average price is $1,692.28 and its 200-day moving average price is $1,818.66. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50. The company has a market capitalization of $92.41 billion, a P/E ratio of 48.10, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share 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 analysts’ expectations of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period in the previous year, the firm earned $9.74 earnings per share. On average, equities research analysts predict that MercadoLibre, Inc. will post 41 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

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.