MercadoLibre, Inc. $MELI Shares Purchased by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 110.9% during the 1st quarter, HoldingsChannel reports. The fund owned 660 shares of the company’s stock after acquiring an additional 347 shares during the quarter. Prasad Wealth Partners LLC’s holdings in MercadoLibre were worth $1,141,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MELI. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $28,000. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $29,000. Finally, Curio Wealth LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by insiders.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,763.36 on Friday. The company’s 50 day simple moving average is $1,676.92 and its 200-day simple moving average is $1,833.13. The company has a market capitalization of $89.40 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 1.07 and a beta of 1.35. 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.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.74 earnings per share. As a group, equities research analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Trending Headlines about MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Analysts and market commentary are highlighting MercadoLibre’s improving growth trajectory in Brazil, with faster GMV, more items sold, rising active buyers, and better logistics efficiency supporting the investment case. MercadoLibre (NasdaqGS:MELI) Leans On Brazil As Growth And Efficiency Pick Up
• Positive Sentiment: Several bullish articles argue MercadoLibre remains a strong long-term e-commerce winner, emphasizing that patience and long-term compounding could favor investors. If I Could Invest $1,000 Into Just 1 Stock in July, It Would Be MercadoLibre By a Mile
• Positive Sentiment: One valuation-focused piece suggests the stock may still offer upside on a cash-flow basis, even if traditional earnings multiples look rich. Is MercadoLibre (NasdaqGS:MELI) Cheap On Cash Flow Or Too Pricey On Earnings?
• Neutral Sentiment: Market commentary noted the stock recently outperformed a down market session, but this appears to be a short-term trading update rather than a major fundamental catalyst. MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
• Negative Sentiment: Multiple securities-fraud investigations were announced by law firms, creating legal uncertainty and a potential reputational overhang for MercadoLibre and its investors. MERCADOLIBRE, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
• Negative Sentiment: Additional law-firm notices about alleged securities-law violations may reinforce investor caution until the situation is clarified. Securities Fraud Investigation Into MercadoLibre, Inc. (MELI) Announced

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MELI. Barclays decreased 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. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and cut their target price for the stock from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Morgan Stanley decreased their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Finally, Scotiabank lowered their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

About MercadoLibre

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.