Chemistry Wealth Management LLC Makes New Investment in MercadoLibre, Inc. $MELI

Chemistry Wealth Management LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 798 shares of the company’s stock, valued at approximately $1,355,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MELI. Interchange Capital Partners LLC raised its holdings in shares of MercadoLibre by 2.1% in the 4th quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after purchasing an additional 5 shares in the last quarter. Cornerstone Select Advisors LLC boosted its stake in shares of MercadoLibre by 2.9% during the fourth quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock valued at $355,000 after purchasing an additional 5 shares in the last quarter. Mitchell Capital Management Co. boosted its stake in shares of MercadoLibre by 0.4% during the fourth quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock valued at $2,542,000 after purchasing an additional 5 shares in the last quarter. Strategic Advisors LLC increased its holdings in MercadoLibre by 0.4% during the fourth quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock valued at $2,564,000 after buying an additional 5 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its holdings in MercadoLibre by 2.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock valued at $605,000 after buying an additional 5 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 0.5%

Shares of MELI stock opened at $1,820.69 on Friday. The stock’s 50-day simple moving average is $1,747.86 and its 200-day simple moving average is $1,797.03. 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 firm has a market capitalization of $92.31 billion, a PE ratio of 49.52, a P/E/G ratio of 1.12 and a beta of 1.34. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, beating the consensus estimate of $8.65 by $0.54. The business had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 27.60%. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the previous year, the business posted $10.31 EPS. Equities analysts expect that MercadoLibre, Inc. will post 40.69 earnings per share for the current year.

Insider Transactions at MercadoLibre

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MELI shares. Citigroup upped their price objective 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. Raymond James Financial set a $2,000.00 price target on shares of MercadoLibre in a research report on Friday, May 8th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Cantor Fitzgerald lifted their price objective on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Q2 results exceeded expectations. Revenue increased 49.8% year over year to $10.17 billion, surpassing estimates of $9.79 billion, while earnings of $9.19 per share beat consensus. Growth was broad-based across commerce, fintech and advertising. MercadoLibre’s Q2 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Engagement and ecosystem momentum remain strong. MercadoLibre surpassed $10 billion in quarterly revenue for the first time, with record payment volumes, increased unique buyers and stronger interaction between its marketplace and financial-services products. Lowering Brazil’s free-shipping threshold reportedly converted monthly shoppers into more frequent users. Mercado Libre Free Shipping Converts Monthly Shoppers Into Daily Active Users
• Positive Sentiment: Analysts remain constructive. Cantor Fitzgerald raised its price target to $2,300 and maintained an overweight rating, while BTIG reaffirmed its buy rating with a $2,150 target. Analyst Rating and Price Target Updates
• Neutral Sentiment: Management is prioritizing long-term scale over near-term margins. Spending on free shipping, first-party inventory, credit-card issuance, artificial intelligence and lower-end customer acquisition is intended to deepen loyalty and expand MercadoLibre’s competitive moat. MercadoLibre Q2 Earnings Call Focuses on Engagement Over Margin
• Negative Sentiment: Profitability is the central concern. Margin compression, higher costs and rising nonperforming loans caused net profit to decline for a third consecutive quarter. Although management characterizes the pressure as strategic and temporary, investors appear concerned that reinvestment may take longer to translate into earnings and cash flow. MercadoLibre’s Net Profit Beats Estimates Despite Third Straight Decline

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.