X Square Capital LLC Increases Stock Holdings in MercadoLibre, Inc. $MELI

X Square Capital LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 103.2% during the 4th quarter, Holdings Channel reports. The fund owned 3,830 shares of the company’s stock after purchasing an additional 1,945 shares during the period. MercadoLibre comprises approximately 2.5% of X Square Capital LLC’s holdings, making the stock its 6th largest position. X Square Capital LLC’s holdings in MercadoLibre were worth $7,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre in the 2nd quarter worth $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth $26,000. Curio Wealth LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre in the 3rd quarter worth $35,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth $32,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MELI. Daiwa Securities Group cut 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. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and reduced their price objective for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. JPMorgan Chase & Co. reduced their price objective on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Benchmark cut their price target on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Stock Up 0.3%

Shares of NASDAQ MELI opened at $1,611.99 on Tuesday. The firm has a market cap of $81.72 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 0.99 and a beta of 1.36. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The business’s 50 day moving average is $1,720.43 and its two-hundred day moving average is $1,883.50.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the previous year, the firm earned $9.74 EPS. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. Research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

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.