Moody National Bank Trust Division Purchases 437 Shares of MercadoLibre, Inc. $MELI

Moody National Bank Trust Division grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 59.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,170 shares of the company’s stock after buying an additional 437 shares during the period. Moody National Bank Trust Division’s holdings in MercadoLibre were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. boosted its holdings in MercadoLibre by 5.2% during the first quarter. Total Clarity Wealth Management Inc. now owns 122 shares of the company’s stock worth $211,000 after buying an additional 6 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in MercadoLibre by 24.0% in the first quarter. Y.D. More Investments Ltd now owns 31 shares of the company’s stock valued at $53,000 after buying an additional 6 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of MercadoLibre by 2.9% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 212 shares of the company’s stock worth $367,000 after acquiring an additional 6 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of MercadoLibre by 0.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 1,227 shares of the company’s stock worth $2,083,000 after acquiring an additional 6 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of MercadoLibre by 4.9% during the 2nd quarter. Versant Capital Management Inc now owns 151 shares of the company’s stock worth $256,000 after acquiring an additional 7 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Bank of America maintains a Buy rating. The firm’s decision to stick with its Buy recommendation signals continued confidence in MercadoLibre’s long-term growth outlook. Bank of America Securities Sticks to Their Buy Rating for MercadoLibre
• Positive Sentiment: Marketplace momentum remains strong. MercadoLibre’s gross merchandise volume rose 44% in the second quarter, supported by higher buyer engagement, seller growth and expanding cross-border commerce across Latin America. Analysts believe this growth has further room to run. MercadoLibre’s GMV Growth Has More Room to Run Across Markets
• Positive Sentiment: Some investors view the sell-off as an opportunity. Michael Burry and other hedge funds reportedly see potential value in the beaten-down shares, while one Wall Street outlook cited the possibility of substantial future gains if MercadoLibre’s investment cycle begins producing stronger profits. Is Michael Burry Right About MercadoLibre?
• Neutral Sentiment: Analyst sentiment is generally optimistic, and reports continue to examine potential catalysts that could send MELI higher. However, the articles do not identify a major new company announcement or specific near-term catalyst. Is MercadoLibre a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: Profit concerns are weighing on the stock. Although revenue is growing at its fastest pace in roughly four years, profits are shrinking and earnings estimates have drifted lower. Heavy investment and rising expenses are central concerns for shareholders. MercadoLibre Fell 15% Over 12 Months
• Negative Sentiment: Valuation and execution risks remain. MercadoLibre has underperformed over the past year as investors question whether aggressive spending will translate into durable margin expansion, despite strong growth in commerce and payments. Is MercadoLibre Finally Ready to Pay Off on Its Promise?

MercadoLibre Price Performance

Shares of MELI traded down $2.62 during mid-day trading on Tuesday, hitting $1,857.99. 532,380 shares of the company were exchanged, compared to its average volume of 543,748. The stock has a market cap of $94.20 billion, a price-to-earnings ratio of 50.53, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,428.00. The company has a 50 day moving average of $1,864.63 and a 200-day moving average of $1,770.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $9.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.79 billion. During the same period in the previous year, the firm posted $10.31 EPS. MercadoLibre’s revenue was up 49.8% compared to the same quarter last year. Analysts expect that MercadoLibre, Inc. will post 38.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MELI shares. Citigroup raised their target price on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a research report on Tuesday, September 29th. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Cantor Fitzgerald boosted their price objective on MercadoLibre from $2,150.00 to $2,300.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,251.88.

About MercadoLibre

MercadoLibre, Inc (NASDAQ:MELI) operates a technology platform serving commerce and financial-services customers across Latin America. Its online marketplace connects buyers and sellers, offering products across categories including electronics, apparel, home goods, automotive products and consumer packaged goods.

The company also provides a range of supporting services, including Mercado Pago, a digital payments platform that enables online and in-person transactions, money transfers and other financial services.