Rep. Gilbert Ray Cisneros, Jr. Buys Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of MercadoLibre, Inc. (NASDAQ:MELI). In a filing disclosed on July 02nd, the Representative disclosed that they had bought between $15,001 and $50,000 in MercadoLibre stock on June 10th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of The Descartes Systems Group (NASDAQ:DSGX) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Roadhouse (NASDAQ:TXRH) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of RBC Bearings (NYSE:RBC) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Microchip Technology (NASDAQ:MCHP) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 6/30/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 6/30/2026.

MercadoLibre Price Performance

Shares of NASDAQ MELI remained flat at $1,763.36 during trading hours on Friday. The company had a trading volume of 406,094 shares, compared to its average volume of 463,518. The business’s 50-day moving average is $1,674.97 and its 200-day moving average is $1,832.65. The stock has a market cap of $89.40 billion, a P/E ratio of 46.54, a P/E/G ratio of 1.09 and a beta of 1.35. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50. 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 quarterly earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the business earned $9.74 earnings per share. The firm’s revenue was up 49.0% on a year-over-year basis. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost 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 in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent research reports. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a report on Friday, May 8th. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Benchmark lowered their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Citigroup cut shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price target for the company from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

Institutional Trading of MercadoLibre

Large investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at approximately $26,000. Purpose Unlimited Inc. purchased a new position in shares of MercadoLibre during the 4th quarter worth approximately $28,000. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre during the 2nd quarter worth approximately $29,000. Finally, Curio Wealth LLC bought a new position in shares of MercadoLibre in the 4th quarter worth approximately $30,000. Institutional investors own 87.62% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.