MercadoLibre, Inc. $MELI Shares Acquired by Strategic Advisors LLC

Strategic Advisors LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 156.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,268 shares of the company’s stock after purchasing an additional 773 shares during the period. Strategic Advisors LLC’s holdings in MercadoLibre were worth $2,963,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MELI. Jackson Wealth Management LLC acquired a new position in MercadoLibre in the 2nd quarter valued at about $499,000. Highview Capital Management LLC DE acquired a new stake in shares of MercadoLibre during the second quarter worth $559,000. Ninety One North America Inc. increased its stake in MercadoLibre by 21.5% in the 2nd quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after buying an additional 1,080 shares during the period. Resona Asset Management Co. Ltd. increased its stake in shares of MercadoLibre by 4.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after acquiring an additional 585 shares during the period. Finally, Jennison Associates LLC raised its holdings in MercadoLibre by 7.0% during 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. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research note on Thursday, December 4th. Barclays increased their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Susquehanna lowered their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Monday, October 13th. Wedbush reduced their price objective on shares of 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. Finally, Morgan Stanley upped their target price on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,842.94.

Insider Buying and Selling

In related news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the sale, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. The trade was a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is currently owned by company insiders.

MercadoLibre Stock Performance

Shares of MELI opened at $2,268.60 on Thursday. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company’s 50 day simple moving average is $2,062.72 and its 200 day simple moving average is $2,219.72. 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 company has a market capitalization of $115.02 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 1.14 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing the consensus estimate of $9.88 by ($1.56). The business had revenue of $7.41 billion during 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 business’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 earnings per share. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

About MercadoLibre

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.