Gordian Capital Singapore Pte Ltd Invests $1.64 Million in MercadoLibre, Inc. $MELI

Gordian Capital Singapore Pte Ltd acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 700 shares of the company’s stock, valued at approximately $1,636,000. MercadoLibre makes up about 2.2% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MELI. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the second quarter valued at $29,000. Steigerwald Gordon & Koch Inc. bought a new position in MercadoLibre during the third quarter valued at $35,000. Cullen Frost Bankers Inc. grew its stake in shares of MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after buying an additional 8 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of MercadoLibre by 35.7% in the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after buying an additional 5 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of MercadoLibre in the 3rd quarter worth about $47,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

MELI opened at $1,742.09 on Wednesday. The business has a fifty day moving average of $2,013.94 and a 200 day moving average of $2,130.27. The stock has a market cap of $88.32 billion, a P/E ratio of 44.22, a PEG ratio of 0.89 and a beta of 1.48. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 52-week low of $1,654.24 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the business earned $12.61 EPS. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Insider Activity

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director owned 257 shares of the company’s stock, valued at $521,034.09. The trade was a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MELI. Wedbush dropped their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Cantor Fitzgerald dropped their target price on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, UBS Group dropped their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,762.00.

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.