Hamilton Wealth LLC Buys 1,700 Shares of MercadoLibre, Inc. $MELI

Hamilton Wealth LLC boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 122.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,089 shares of the company’s stock after buying an additional 1,700 shares during the quarter. MercadoLibre accounts for 1.0% of Hamilton Wealth LLC’s investment portfolio, making the stock its 27th largest holding. Hamilton Wealth LLC’s holdings in MercadoLibre were worth $5,341,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Interchange Capital Partners LLC raised its stake in shares of MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after acquiring an additional 5 shares during the period. Cornerstone Select Advisors LLC lifted its holdings in shares of MercadoLibre by 2.9% in the 4th quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock worth $355,000 after acquiring an additional 5 shares during the last quarter. Mitchell Capital Management Co. boosted its stake in shares of MercadoLibre by 0.4% during the 4th quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock worth $2,542,000 after purchasing an additional 5 shares during the period. Strategic Advisors LLC boosted its stake in shares of MercadoLibre by 0.4% during the 4th quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock worth $2,564,000 after purchasing an additional 5 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in MercadoLibre by 2.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock valued at $605,000 after purchasing an additional 5 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, with a total value 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 represents a 12.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research report on Wednesday, May 13th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research report on Friday, May 8th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and cut their target price for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Citigroup increased their price target on MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,258.67.

MercadoLibre Stock Performance

MELI stock opened at $1,877.95 on Monday. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50. The business has a 50-day moving average price of $1,728.64 and a 200 day moving average price of $1,802.56. The company has a market capitalization of $95.21 billion, a P/E ratio of 49.56, a PEG ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (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 the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.74 earnings per share. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 41 EPS for the current fiscal year.

MercadoLibre 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.