452 Shares in MercadoLibre, Inc. $MELI Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 452 shares of the company’s stock, valued at approximately $910,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre during the second quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of MercadoLibre in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre during the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. grew its stake in MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares in the last quarter. Finally, Holos Integrated Wealth LLC bought a new stake in MercadoLibre during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MELI. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Wedbush dropped their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,708.67.

MercadoLibre Trading Down 0.5%

Shares of MELI opened at $1,630.99 on Friday. The firm has a market cap of $82.69 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 0.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a fifty-two week low of $1,606.21 and a fifty-two week high of $2,645.22. The firm has a 50 day moving average price of $1,910.64 and a 200-day moving average price of $2,072.11.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data 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). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the company posted $12.61 EPS. MercadoLibre’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.