Insigneo Advisory Services LLC Increases Stake in MercadoLibre, Inc. $MELI

Insigneo Advisory Services LLC lifted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 35.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,952 shares of the company’s stock after acquiring an additional 776 shares during the quarter. Insigneo Advisory Services LLC’s holdings in MercadoLibre were worth $6,897,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Quadcap Wealth Management LLC lifted its stake in MercadoLibre by 4.2% in the second quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock worth $324,000 after purchasing an additional 5 shares during the last quarter. PFW Advisors LLC lifted its stake in shares of MercadoLibre by 4.8% during the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after acquiring an additional 5 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in MercadoLibre by 3.5% during the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock valued at $344,000 after acquiring an additional 5 shares during the period. Wilkinson Global Asset Management LLC increased its stake in MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after purchasing an additional 5 shares during the period. Finally, Hardy Reed LLC lifted its position in shares of MercadoLibre by 4.0% during the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock worth $306,000 after purchasing an additional 5 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MELI. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Wedbush lowered their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,785.33.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The disclosure for this sale is available in the SEC filing. Insiders sold 1,136 shares of company stock valued at $2,308,788 over the last 90 days. Insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $1,714.01 on Wednesday. The firm has a 50 day moving average of $2,037.68 and a 200 day moving average of $2,151.13. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $86.90 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48. MercadoLibre, Inc. has a 52 week low of $1,654.24 and a 52 week high of $2,645.22.

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

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.