MercadoLibre, Inc. $MELI Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 248.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,052 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in MercadoLibre were worth $1,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. BlackRock Inc. purchased a new stake in MercadoLibre in the second quarter worth $2,246,015,000. Jupiter Topco LLC purchased a new position in MercadoLibre during the second quarter valued at $917,123,000. Linonia Partnership LP lifted its position in MercadoLibre by 325.1% during the second quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock valued at $939,994,000 after buying an additional 423,527 shares during the period. Royal Bank of Canada boosted its holdings in shares of MercadoLibre by 114.2% during the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company’s stock valued at $768,728,000 after buying an additional 237,008 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of MercadoLibre during the 2nd quarter valued at $291,146,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MELI. JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. BTIG Research reissued a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Thursday, September 3rd. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. New Street Research initiated coverage on shares of MercadoLibre in a research note on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price objective on the stock. Finally, Citigroup cut their price objective on shares of MercadoLibre from $2,150.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,251.88.

MercadoLibre Stock Down 0.9%

Shares of NASDAQ MELI traded down $16.40 during trading on Tuesday, reaching $1,876.04. The company had a trading volume of 254,041 shares, compared to its average volume of 538,513. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,428.00. The stock has a market cap of $95.11 billion, a PE ratio of 51.02, a P/E/G ratio of 1.32 and a beta of 1.31. The business’s 50-day moving average is $1,864.26 and its 200 day moving average is $1,778.45. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, beating the consensus estimate of $8.65 by $0.54. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%. The company’s revenue was up 49.8% on a year-over-year basis. During the same period last year, the company earned $10.31 earnings per share. As a group, equities analysts forecast that MercadoLibre, Inc. will post 38.29 earnings per share for the current fiscal year.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: MercadoLibre’s integrated commerce-and-fintech “flywheel” continues to strengthen. Ecosystem users grew 37%, supporting higher shopping activity, payments adoption, credit usage and customer engagement. MercadoLibre’s Commerce-Fintech Flywheel Gains Strength
• Positive Sentiment: Several valuation reports remain bullish, citing roughly 43%–50% revenue growth, strong commerce and fintech momentum, expanding payments volume, positive cash flow and possible catalysts in quick commerce, pharmacy and social commerce. MercadoLibre: Making The Right Investment Moves, Near 13% FCF Yield
• Positive Sentiment: MarketWatch cited a $2,299.48 price target, and another analysis reported a street target near $2,270—both implying upside from the recent trading range. MarketWatch lists USD 2,299.48 target for MercadoLibre stock
• Neutral Sentiment: Investors are also considering Brazil’s election, easing inflation and interest-rate trends as potential macro tailwinds, although election-related enthusiasm has already contributed to a recent rally. MercadoLibre Stock Rose 9% in October on Brazil’s Election
• Negative Sentiment: Profitability is the key concern. Second-quarter revenue and financial income rose about 50% to $10.17 billion, but operating income declined 17% to $683 million as management reinvested in growth. That tradeoff could pressure margins and valuation if growth slows. MercadoLibre Trades Profit for Scale
• Negative Sentiment: Cantor Fitzgerald lowered its price target from $2,300 to $2,200, despite maintaining an Overweight rating, signaling more cautious near-term expectations. Cantor Fitzgerald Issues Forecast for MercadoLibre

MercadoLibre Profile

MercadoLibre, Inc (NASDAQ:MELI) operates a technology platform serving commerce and financial-services customers across Latin America. Its online marketplace connects buyers and sellers, offering products across categories including electronics, apparel, home goods, automotive products and consumer packaged goods.

The company also provides a range of supporting services, including Mercado Pago, a digital payments platform that enables online and in-person transactions, money transfers and other financial services.