MercadoLibre, Inc. $MELI Shares Purchased by Semus Wealth Partners LLC

Semus Wealth Partners LLC grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 40.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,049 shares of the company’s stock after buying an additional 300 shares during the period. MercadoLibre makes up approximately 1.0% of Semus Wealth Partners LLC’s investment portfolio, making the stock its 25th largest position. Semus Wealth Partners LLC’s holdings in MercadoLibre were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in MELI. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth approximately $26,000. Purpose Unlimited Inc. acquired a new stake in MercadoLibre in the 4th quarter valued at approximately $28,000. Finally, Curio Wealth LLC acquired a new stake in MercadoLibre in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Buying and Selling at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This represents a 12.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,742.19 on Thursday. The stock has a market cap of $88.33 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.05 and a beta of 1.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The stock’s 50 day moving average price is $1,678.74 and its 200 day moving average price is $1,834.91.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MELI shares. Citigroup lowered MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. Benchmark lowered their price target on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Scotiabank cut their price objective on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a report on Friday, May 8th. One equities research 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 issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.