MercadoLibre, Inc. $MELI Shares Acquired by Squadra Investments Gestao DE Recursos LTDA.

Squadra Investments Gestao DE Recursos LTDA. increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 126.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 202,930 shares of the company’s stock after acquiring an additional 113,274 shares during the period. MercadoLibre accounts for 39.2% of Squadra Investments Gestao DE Recursos LTDA.’s holdings, making the stock its largest position. Squadra Investments Gestao DE Recursos LTDA.’s holdings in MercadoLibre were worth $350,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Brown Advisory Inc. boosted its holdings in shares of MercadoLibre by 2,494.9% in the 4th quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock worth $30,943,000 after acquiring an additional 14,770 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in MercadoLibre by 238.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock valued at $4,089,000 after purchasing an additional 1,430 shares during the last quarter. TIAA Trust National Association boosted its stake in MercadoLibre by 10.9% in the fourth quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock worth $22,179,000 after purchasing an additional 1,083 shares in the last quarter. Deepwater Asset Management LLC increased its stake in shares of MercadoLibre by 38.6% in the fourth quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock valued at $15,641,000 after buying an additional 2,164 shares in the last quarter. Finally, Employees Retirement System of Texas raised its holdings in shares of MercadoLibre by 18.2% in the fourth quarter. Employees Retirement System of Texas now owns 40,184 shares of the company’s stock valued at $80,941,000 after buying an additional 6,200 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Barclays decreased their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Daiwa Securities Group cut shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday, May 8th. Scotiabank dropped their price objective on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Finally, Benchmark decreased their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus price target of $2,258.67.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by company insiders.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,819.74 on Tuesday. The company has a market cap of $92.26 billion, a PE ratio of 48.03, a PEG ratio of 1.11 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The company’s 50-day moving average is $1,710.62 and its two-hundred day moving average is $1,810.88.

MercadoLibre (NASDAQ:MELI) last issued its quarterly 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 business had revenue of $8.85 billion for 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 firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.74 EPS. Equities analysts anticipate that MercadoLibre, Inc. will post 41 earnings per share for the current year.

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.