Rep. Marjorie Taylor Greene Purchases Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of MercadoLibre, Inc. NASDAQ: MELI. In a filing disclosed on May 19th, the Representative disclosed that they had bought between $15,001 and $50,000 in MercadoLibre stock on May 14th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 5/16/2025.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Impinj NASDAQ: PI on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Corning NYSE: GLW on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Cardinal Health NYSE: CAH on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 5/14/2025.
• Purchased $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/14/2025.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded down $98.18 during trading on Monday, hitting $2,507.83. 502,270 shares of the company were exchanged, compared to its average volume of 383,444. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88. The company has a market cap of $127.14 billion, a PE ratio of 66.52, a P/E/G ratio of 1.12 and a beta of 1.61. The stock has a 50 day moving average of $2,198.84 and a 200 day moving average of $2,023.31.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the previous year, the firm earned $6.78 EPS. The company's quarterly revenue was up 37.0% compared to the same quarter last year. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MELI shares. The Goldman Sachs Group upped their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Bank of America boosted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Susquehanna increased their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus price target of $2,572.86.

Hedge Funds Weigh In On MercadoLibre

A number of hedge funds and other institutional investors have recently made changes to their positions in MELI. Key Financial Inc bought a new position in MercadoLibre in the 1st quarter worth $25,000. GW&K Investment Management LLC purchased a new position in shares of MercadoLibre during the first quarter valued at about $25,000. Close Asset Management Ltd increased its position in shares of MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the period. Human Investing LLC bought a new position in MercadoLibre in the fourth quarter worth about $26,000. Finally, Park Square Financial Group LLC purchased a new stake in MercadoLibre in the fourth quarter worth about $26,000. Institutional investors own 87.62% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.