GSA Capital Partners LLP Makes New $740,000 Investment in MercadoLibre, Inc. $MELI

GSA Capital Partners LLP acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 436 shares of the company’s stock, valued at approximately $740,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MELI. Brown Advisory Inc. grew its stake in shares of MercadoLibre by 2,494.9% in the fourth quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock valued at $30,943,000 after buying an additional 14,770 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in MercadoLibre by 238.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after acquiring an additional 1,430 shares in the last quarter. TIAA Trust National Association lifted its stake in MercadoLibre by 10.9% in the fourth quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock valued at $22,179,000 after acquiring an additional 1,083 shares during the last quarter. Deepwater Asset Management LLC lifted its stake in MercadoLibre by 38.6% in the fourth quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock valued at $15,641,000 after acquiring an additional 2,164 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co lifted its stake in MercadoLibre by 28.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 3,200 shares of the company’s stock valued at $6,446,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insiders Place Their Bets

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,908.65 on Thursday. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50. The company has a market cap of $96.77 billion, a P/E ratio of 51.91, a P/E/G ratio of 1.22 and a beta of 1.34. The firm’s fifty day moving average price is $1,780.15 and its two-hundred day moving average price is $1,776.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. The company 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 26.54%. MercadoLibre’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter last year, the company posted $10.31 EPS. Equities analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. UBS Group reduced their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Barclays lowered their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a research note on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,272.00.

About MercadoLibre

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.