Verus Wealth Management LLC Acquires 1,075 Shares of MercadoLibre, Inc. $MELI

Verus Wealth Management LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, Holdings Channel.com reports. The fund acquired 1,075 shares of the company’s stock, valued at approximately $1,858,000. MercadoLibre comprises about 1.2% of Verus Wealth Management LLC’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in MercadoLibre in the second quarter valued at $2,246,015,000. Janus Henderson Group PLC raised its position in MercadoLibre by 26.4% during the fourth quarter. Janus Henderson Group PLC now owns 604,096 shares of the company’s stock valued at $1,216,807,000 after purchasing an additional 126,294 shares in the last quarter. Linonia Partnership LP lifted its stake in MercadoLibre by 325.1% during the second quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock worth $939,994,000 after purchasing an additional 423,527 shares during the last quarter. Jupiter Topco LLC bought a new stake in MercadoLibre during the second quarter worth about $917,123,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MercadoLibre by 7.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 533,816 shares of the company’s stock worth $906,094,000 after purchasing an additional 38,871 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a report on Tuesday, September 29th. New Street Research assumed coverage on MercadoLibre in a research report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a report on Thursday, September 3rd. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Susquehanna boosted their target price on MercadoLibre to $2,400.00 and gave the stock a “positive” rating in a research report on Tuesday, October 6th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,251.88.

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: MercadoLibre’s integrated commerce-and-fintech “flywheel” continues to strengthen. Ecosystem users grew 37%, supporting higher shopping activity, payments adoption, credit usage and customer engagement. MercadoLibre’s Commerce-Fintech Flywheel Gains Strength
• Positive Sentiment: Several valuation reports remain bullish, citing roughly 43%–50% revenue growth, strong commerce and fintech momentum, expanding payments volume, positive cash flow and possible catalysts in quick commerce, pharmacy and social commerce. MercadoLibre: Making The Right Investment Moves, Near 13% FCF Yield
• Positive Sentiment: MarketWatch cited a $2,299.48 price target, and another analysis reported a street target near $2,270—both implying upside from the recent trading range. MarketWatch lists USD 2,299.48 target for MercadoLibre stock
• Neutral Sentiment: Investors are also considering Brazil’s election, easing inflation and interest-rate trends as potential macro tailwinds, although election-related enthusiasm has already contributed to a recent rally. MercadoLibre Stock Rose 9% in October on Brazil’s Election
• Negative Sentiment: Profitability is the key concern. Second-quarter revenue and financial income rose about 50% to $10.17 billion, but operating income declined 17% to $683 million as management reinvested in growth. That tradeoff could pressure margins and valuation if growth slows. MercadoLibre Trades Profit for Scale
• Negative Sentiment: Cantor Fitzgerald lowered its price target from $2,300 to $2,200, despite maintaining an Overweight rating, signaling more cautious near-term expectations. Cantor Fitzgerald Issues Forecast for MercadoLibre

MercadoLibre Trading Down 0.9%

Shares of MercadoLibre stock traded down $16.40 during trading on Tuesday, reaching $1,876.04. The company’s stock had a trading volume of 254,041 shares, compared to its average volume of 538,513. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,428.00. The company has a market cap of $95.11 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 1.32 and a beta of 1.31. The firm’s 50-day moving average is $1,864.01 and its two-hundred day moving average is $1,780.11. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the previous year, the firm posted $10.31 earnings per share. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 38.29 earnings per share for the current year.

About MercadoLibre

MercadoLibre, Inc (NASDAQ:MELI) operates a technology platform serving commerce and financial-services customers across Latin America. Its online marketplace connects buyers and sellers, offering products across categories including electronics, apparel, home goods, automotive products and consumer packaged goods.

The company also provides a range of supporting services, including Mercado Pago, a digital payments platform that enables online and in-person transactions, money transfers and other financial services.