Bluebird Wealth Management LLC Makes New Investment in MercadoLibre, Inc. $MELI

Key Points

• Bluebird Wealth Management bought a new position of 787 shares of MercadoLibre valued at approximately $1.586 million in Q4, representing 1.5% of its holdings and the firm's 28th largest position.
• MercadoLibre (MELI) is trading around $1,841.14 (up 1.3%) with a market cap of $93.34 billion, a P/E of 46.73, last quarter EPS of $11.03 on $8.76 billion revenue, and a 52-week range of $1,593.21–$2,645.22.
• Institutional investors own about 87.62% of the stock, and analysts collectively rate MELI a "Moderate Buy" with an average target of $2,685.33, though several firms have recently cut price targets or ratings.

Bluebird Wealth Management LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 787 shares of the company's stock, valued at approximately $1,586,000. MercadoLibre accounts for 1.5% of Bluebird Wealth Management LLC's holdings, making the stock its 28th largest position.

Other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre during the fourth quarter worth $26,000. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the second quarter worth $29,000. Holos Integrated Wealth LLC purchased a new stake in MercadoLibre during the fourth quarter worth $32,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of MercadoLibre during the 3rd quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of MercadoLibre during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 1.3%

MELI stock opened at $1,841.14 on Thursday. The company's 50-day simple moving average is $1,756.86 and its 200-day simple moving average is $1,968.42. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22. The firm has a market cap of $93.34 billion, a P/E ratio of 46.73, a PEG ratio of 0.92 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business had revenue of $8.76 billion for the quarter. As a group, equities analysts forecast that MercadoLibre, Inc. will post 47.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BTIG Research reiterated a "buy" rating and set a $2,400.00 price objective on shares of MercadoLibre in a report on Friday, April 10th. JPMorgan Chase & Co. lowered MercadoLibre from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Itau BBA Securities reiterated an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Morgan Stanley decreased their price objective on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a report on Monday, March 9th. Finally, Zacks Research lowered MercadoLibre from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $2,685.33.

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.

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