Lombard Odier Asset Management Switzerland SA Makes New $3.43 Million Investment in MercadoLibre, Inc. $MELI

Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 1,983 shares of the company’s stock, valued at approximately $3,429,000.

Several other institutional investors have also modified their holdings of MELI. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth about $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre during the second quarter valued at approximately $29,000. Finally, Curio Wealth LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $30,000. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MELI. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley reduced their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Citigroup increased their price target on MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lowered their price target for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Finally, Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,258.67.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired 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 of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

MercadoLibre Price Performance

MELI opened at $1,801.44 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The company has a market capitalization of $91.33 billion, a PE ratio of 47.54, a P/E/G ratio of 1.11 and a beta of 1.35. The stock’s fifty day moving average is $1,705.94 and its 200-day moving average is $1,813.47. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the business earned $9.74 EPS. On average, equities analysts predict that MercadoLibre, Inc. will post 41 EPS for the current fiscal 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.