Militia Capital Management LLC Purchases Shares of 1,750 MercadoLibre, Inc. $MELI

Militia Capital Management LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,750 shares of the company’s stock, valued at approximately $3,026,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new position in MercadoLibre in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC acquired a new position in MercadoLibre in the fourth quarter worth about $26,000. Purpose Unlimited Inc. bought a new position in MercadoLibre during the fourth quarter worth about $28,000. Finally, Curio Wealth LLC bought a new position in MercadoLibre during the fourth quarter worth about $30,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,799.21 on Thursday. The stock has a market capitalization of $91.22 billion, a P/E ratio of 47.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The firm has a 50 day moving average of $1,697.03 and a 200-day moving average of $1,817.14.

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

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares in the company, 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 legal filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the topic of several analyst reports. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley decreased their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Barclays dropped their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Finally, Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. One 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’s stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,258.67.

MercadoLibre 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.