MercadoLibre, Inc. $MELI Shares Purchased by NBT Bank N A NY

NBT Bank N A NY raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 1,883.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,440 shares of the company’s stock after purchasing an additional 2,317 shares during the quarter. NBT Bank N A NY’s holdings in MercadoLibre were worth $5,702,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of MercadoLibre by 26.3% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock valued at $63,000 after buying an additional 5 shares during the period. Quadcap Wealth Management LLC grew its position in MercadoLibre by 4.2% in the 2nd quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock valued at $324,000 after acquiring an additional 5 shares in the last quarter. PFW Advisors LLC increased its stake in MercadoLibre by 4.8% during the third quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after purchasing an additional 5 shares during the period. Yousif Capital Management LLC lifted its position in shares of MercadoLibre by 3.5% during the third quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock worth $344,000 after purchasing an additional 5 shares in the last quarter. Finally, Natural Investments LLC boosted its stake in shares of MercadoLibre by 0.5% in the third quarter. Natural Investments LLC now owns 1,119 shares of the company’s stock valued at $2,613,000 after purchasing an additional 6 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on MELI. Weiss Ratings downgraded shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Wedbush cut their price objective on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. JPMorgan Chase & Co. increased their price objective on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. BTIG Research reissued a “buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research note on Thursday, December 4th. Finally, UBS Group reduced their price target on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2,842.94.

MercadoLibre Stock Down 1.1%

Shares of NASDAQ MELI opened at $2,075.01 on Friday. The business has a 50-day moving average of $2,049.41 and a two-hundred day moving average of $2,239.01. The company has a market capitalization of $105.20 billion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same period last year, the firm earned $7.83 earnings per share. MercadoLibre’s revenue was up 39.5% on a year-over-year basis. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the transaction, the director owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,136 shares of company stock valued at $2,308,788 in the last three months. 0.25% of the stock is currently owned by company insiders.

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.