Tamar Securities LLC Acquires 636 Shares of MercadoLibre, Inc. $MELI

Tamar Securities LLC increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,124 shares of the company’s stock after purchasing an additional 636 shares during the period. MercadoLibre makes up about 2.8% of Tamar Securities LLC’s investment portfolio, making the stock its 14th largest position. Tamar Securities LLC’s holdings in MercadoLibre were worth $26,435,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MELI. Venture Visionary Partners LLC raised its stake in shares of MercadoLibre by 4.0% in the fourth quarter. Venture Visionary Partners LLC now owns 2,421 shares of the company’s stock valued at $4,877,000 after acquiring an additional 92 shares during the period. Panagora Asset Management Inc. raised its stake in shares of MercadoLibre by 9.4% in the fourth quarter. Panagora Asset Management Inc. now owns 33,124 shares of the company’s stock valued at $66,720,000 after acquiring an additional 2,853 shares during the period. Perryman Financial Advisory Inc. AD purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $931,000. Sargent Investment Group LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $919,000. Finally, MML Investors Services LLC raised its stake in shares of MercadoLibre by 10.8% in the fourth quarter. MML Investors Services LLC now owns 3,618 shares of the company’s stock valued at $7,287,000 after acquiring an additional 354 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wedbush reduced their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Scotiabank reduced their target price 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. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research note on Friday, May 8th. Benchmark cut their price target 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. Finally, The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $1,589.60 on Monday. 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 1 year low of $1,495.00 and a 1 year high of $2,645.22. The firm’s 50-day moving average is $1,715.68 and its two-hundred day moving average is $1,872.88. The stock has a market cap of $80.59 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 0.98 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (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 business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the company earned $9.74 earnings per share. The firm’s revenue was up 49.0% on a year-over-year basis. As a group, research analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

MercadoLibre Company 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.