Perryman Financial Advisory Inc. AD Buys New Shares in MercadoLibre, Inc. $MELI

Perryman Financial Advisory Inc. AD bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 462 shares of the company’s stock, valued at approximately $931,000.

Other large investors have also recently bought and sold shares of the company. Hardy Reed LLC boosted its holdings in shares of MercadoLibre by 4.0% in the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after buying an additional 5 shares during the last quarter. Rothschild Investment LLC increased its holdings in MercadoLibre by 35.7% during the third 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. Interchange Capital Partners LLC raised its position in MercadoLibre by 2.1% during the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock worth $490,000 after acquiring an additional 5 shares in the last quarter. Cornerstone Select Advisors LLC raised its position in MercadoLibre by 2.9% during the fourth quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock worth $355,000 after acquiring an additional 5 shares in the last quarter. Finally, Mitchell Capital Management Co. lifted its stake in MercadoLibre by 0.4% in the fourth quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock valued at $2,542,000 after acquiring an additional 5 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of MELI opened at $1,589.60 on Monday. The company’s 50-day moving average is $1,715.68 and its 200-day moving average is $1,872.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a market capitalization of $80.59 billion, a PE ratio of 41.95, a PEG ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company 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 business’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period in the previous year, the firm posted $9.74 EPS. Equities analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on MELI. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. Benchmark cut their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research note on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price target on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

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.