NBT Bank N A NY Sells 2,014 Shares of MercadoLibre, Inc. $MELI

NBT Bank N A NY lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 95.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103 shares of the company’s stock after selling 2,014 shares during the quarter. NBT Bank N A NY’s holdings in MercadoLibre were worth $178,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of MercadoLibre in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC bought a new stake in MercadoLibre in the fourth quarter worth $26,000. Purpose Unlimited Inc. bought a new stake in MercadoLibre in the fourth quarter worth $28,000. Finally, Curio Wealth LLC purchased a new stake in MercadoLibre during the fourth quarter valued at $30,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MELI. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday, May 8th. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. 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 research report on Tuesday, April 7th. Barclays lowered their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, Benchmark reduced their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Trading Up 0.5%

Shares of MercadoLibre stock traded up $8.18 during trading on Tuesday, hitting $1,813.86. The stock had a trading volume of 66,077 shares, compared to its average volume of 559,600. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The firm’s fifty day simple moving average is $1,674.97 and its 200-day simple moving average is $1,831.70. The stock has a market cap of $91.96 billion, a PE ratio of 47.87, a PEG ratio of 1.09 and a beta of 1.35.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results 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 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 quarter in the previous year, the company posted $9.74 earnings per share. The business’s revenue for the quarter was up 49.0% on a year-over-year basis. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Insider Activity

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

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.