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 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in MercadoLibre stock on May 5th. The trade occurred in the Representative's "MARJORIE 401K" account.

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

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Impinj NASDAQ: PI on 5/5/2025.

MercadoLibre Trading Up 1.5 %

NASDAQ MELI opened at $2,262.51 on Thursday. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock's 50 day moving average price is $2,067.28 and its two-hundred day moving average price is $1,977.62. The stock has a market capitalization of $114.70 billion, a price-to-earnings ratio of 60.01, a PEG ratio of 1.12 and a beta of 1.61.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on MELI. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Susquehanna boosted their price target 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. Bank of America upped their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Finally, Cantor Fitzgerald dropped their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $2,464.67.

Institutional Investors Weigh In On MercadoLibre

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in MercadoLibre by 20.9% in the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock valued at $121,948,000 after acquiring an additional 10,272 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of MercadoLibre by 123.1% during the 4th quarter. GAMMA Investing LLC now owns 29 shares of the company's stock worth $49,000 after buying an additional 16 shares in the last quarter. Nordea Investment Management AB boosted its stake in MercadoLibre by 37.8% in the fourth quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock valued at $271,897,000 after buying an additional 43,215 shares in the last quarter. CWA Asset Management Group LLC bought a new position in MercadoLibre in the fourth quarter valued at about $4,623,000. Finally, Range Financial Group LLC acquired a new position in MercadoLibre during the fourth quarter worth about $296,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

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.

MercadoLibre Company Profile

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.

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