Pictet North America Advisors Buys 2,703 Shares of MercadoLibre (MELI) for $5.68 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Share Increase: Pictet North America Advisors increased its stake in MercadoLibre by 2,703 shares in Q4, bringing total holdings to 9,342 shares with an estimated transaction value of $5.68 million, indicating confidence in the company's future growth.
- Value Growth: The value of MercadoLibre's position rose by $3.30 million at quarter-end due to both the share addition and stock price movement, reflecting the company's strong performance in the Latin American e-commerce and fintech sectors.
- Market Share: MercadoLibre's market capitalization exceeds $106.31 billion, with quarterly revenue reaching $7.4 billion, up 39% year-over-year, showcasing its dominant position and sustained growth potential in the Latin American market.
- User Growth: The company's fintech monthly active users reached 72 million, with credit portfolios expanding to $11 billion year-over-year, indicating the deep embedding of its ecosystem and effective utilization of operating leverage.
Analyst Views on MELI
Wall Street analysts forecast MELI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MELI is 2811 USD with a low forecast of 2500 USD and a high forecast of 3000 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 2098.850
Low
2500
Averages
2811
High
3000
Current: 2098.850
Low
2500
Averages
2811
High
3000
About MELI
MercadoLibre Inc is a Uruguay-based e-commerce business facilitator of Argentinian origins. The e-commerce products enable retail and wholesale via Internet platforms designed to provide users with a portfolio of services to facilitate commercial transactions. The Company's geographic coverage includes 18 countries of Latin America. The primary offer is an ecosystem of six integrated e-commerce services: the Mercado Libre Marketplace, the Mercado Libre Classifieds service, the Mercado Pago payments solution, the Mercado Credito financial solutions, the Mercado Envios logistic solutions including shipping, the Mercado Ads advertising platform and the Mercado Shops digital storefront solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
