Leibman Financial Services Inc. Makes New $979,000 Investment in MercadoLibre, Inc. $MELI

Leibman Financial Services Inc. acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the third quarter, HoldingsChannel.com reports. The fund acquired 419 shares of the company’s stock, valued at approximately $979,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pure Financial Advisors LLC increased its position in MercadoLibre by 5.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 125 shares of the company’s stock valued at $293,000 after buying an additional 6 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of MercadoLibre by 6.8% during the 3rd quarter. Annex Advisory Services LLC now owns 21,026 shares of the company’s stock valued at $49,136,000 after acquiring an additional 1,331 shares during the period. Ethic Inc. raised its stake in shares of MercadoLibre by 1.5% in the third quarter. Ethic Inc. now owns 854 shares of the company’s stock valued at $1,997,000 after buying an additional 13 shares during the period. Regatta Capital Group LLC lifted its holdings in MercadoLibre by 62.0% during the third quarter. Regatta Capital Group LLC now owns 350 shares of the company’s stock valued at $818,000 after purchasing an additional 134 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd lifted its stake in shares of MercadoLibre by 22.5% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 778 shares of the company’s stock valued at $1,818,000 after buying an additional 143 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a report on Friday, October 31st. Citigroup dropped their price objective on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Benchmark lowered their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Susquehanna dropped their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. Finally, Barclays raised their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,842.94.

Insider Transactions at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently owned by insiders.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $2,014.97 on Tuesday. The firm has a fifty day moving average price of $2,087.14 and a 200-day moving average price of $2,272.68. MercadoLibre, Inc. has a 1 year low of $1,693.01 and a 1 year high of $2,645.22. The stock has a market cap of $102.16 billion, a PE ratio of 49.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the prior year, the firm posted $7.83 earnings per share. The business’s revenue was up 39.5% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Profile

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.