MercadoLibre, Inc. $MELI Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 42.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 79,658 shares of the company’s stock after acquiring an additional 23,844 shares during the period. ProShare Advisors LLC’s holdings in MercadoLibre were worth $160,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new position in MercadoLibre in the 2nd quarter valued at about $29,000. Holos Integrated Wealth LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd acquired a new position in MercadoLibre in the 3rd quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,585.91 on Tuesday. The firm’s 50 day moving average price is $1,731.09 and its 200-day moving average price is $1,938.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The firm has a market cap of $80.40 billion, a P/E ratio of 41.86, a P/E/G ratio of 0.95 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the company posted $9.74 earnings per share. The business’s revenue was up 49.0% compared to the same quarter last year. As a group, equities research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Analyst Upgrades and Downgrades

MELI has been the topic of several recent analyst reports. Citigroup lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and decreased their target price for the company from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Benchmark decreased their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and decreased their target price for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. JPMorgan Chase & Co. decreased their target price on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,255.33.

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.