Roxbury Financial LLC Takes $766,000 Position in MercadoLibre, Inc. $MELI

Roxbury Financial LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 451 shares of the company’s stock, valued at approximately $766,000.

Several other hedge funds have also made changes to their positions in MELI. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC purchased a new position in MercadoLibre in the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. acquired a new stake in MercadoLibre during the fourth quarter worth approximately $28,000. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the second quarter worth approximately $29,000. Finally, Curio Wealth LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Activity

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MELI has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their price target for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research note on Friday, May 8th. Barclays dropped their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Citigroup boosted their target price on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,258.67.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,877.95 on Monday. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The company has a market capitalization of $95.21 billion, a P/E ratio of 49.56, a PEG ratio of 1.16 and a beta of 1.34. The company’s fifty day moving average is $1,728.64 and its two-hundred day moving average is $1,802.56.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the firm posted $9.74 earnings per share. The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. Analysts forecast that MercadoLibre, Inc. will post 41 earnings per share for the current 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.