MercadoLibre, Inc. $MELI Stock Position Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 113.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,051 shares of the company's stock after buying an additional 558 shares during the period. Arkadios Wealth Advisors' holdings in MercadoLibre were worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

MELI has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a "neutral" rating for the company in a report on Wednesday, May 13th. Citigroup boosted their target price on MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research report on Friday, May 8th. Zacks Research raised shares of MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Barclays reduced their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an "overweight" rating for the company in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,258.67.

MercadoLibre Price Performance

MELI 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 current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $95.21 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 1.16 and a beta of 1.34. The business has a 50 day moving average of $1,728.64 and a 200-day moving average of $1,802.56.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. MercadoLibre's revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.74 earnings per share. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 41 earnings per share for the current year.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $1,655.93 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

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.

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