Rep. Robert Bresnahan, Jr. Buys MercadoLibre, Inc. (NASDAQ:MELI) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of MercadoLibre, Inc. (NASDAQ:MELI). In a filing disclosed on April 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in MercadoLibre stock on March 10th.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Cadence Design Systems (NASDAQ:CDNS) on 3/17/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Reddit (NYSE:RDDT) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 3/11/2025.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/11/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/11/2025.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,996.95 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The stock has a market cap of $101.24 billion, a price-to-earnings ratio of 52.97, a PEG ratio of 1.12 and a beta of 1.62. The business’s fifty day moving average is $2,036.16 and its 200 day moving average is $1,958.91. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Institutional Investors Weigh In On MercadoLibre

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC lifted its holdings in shares of MercadoLibre by 2.4% during the 1st quarter. Gateway Investment Advisers LLC now owns 2,892 shares of the company’s stock valued at $5,642,000 after buying an additional 67 shares during the period. Seneca House Advisors increased its position in MercadoLibre by 3.3% during the first quarter. Seneca House Advisors now owns 247 shares of the company’s stock valued at $482,000 after acquiring an additional 8 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in MercadoLibre by 9.8% in the first quarter. Independence Bank of Kentucky now owns 168 shares of the company’s stock valued at $328,000 after acquiring an additional 15 shares during the period. First Affirmative Financial Network boosted its position in MercadoLibre by 11.6% in the first quarter. First Affirmative Financial Network now owns 135 shares of the company’s stock worth $263,000 after purchasing an additional 14 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of MercadoLibre during the 1st quarter valued at about $554,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MELI shares. The Goldman Sachs Group lifted their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a research note on Tuesday, January 21st. Bank of America increased their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Finally, Barclays increased their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $2,409.69.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

MercadoLibre Company Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.