650 Shares in MercadoLibre, Inc. $MELI Acquired by Militia Capital Partners LP

Militia Capital Partners LP purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 650 shares of the company’s stock, valued at approximately $1,309,000.

Several other large investors have also recently made changes to their positions in MELI. Capital Research Global Investors increased its position in shares of MercadoLibre by 22.5% during the fourth quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock worth $4,481,812,000 after purchasing an additional 408,939 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of MercadoLibre by 803.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after purchasing an additional 296,543 shares in the last quarter. Norges Bank purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $597,045,000. Marshall Wace LLP increased its position in shares of MercadoLibre by 184.8% during the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock worth $628,083,000 after purchasing an additional 202,322 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after purchasing an additional 164,120 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 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, for a total transaction of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares of the company’s stock, 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 document filed with the SEC, which is available at this link. 0.26% of the stock is owned by corporate insiders.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,674.08 on Wednesday. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company has a market cap of $84.88 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 1.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The business’s 50 day moving average price is $1,713.47 and its 200 day moving average price is $1,867.47.

MercadoLibre (NASDAQ:MELI) last posted its 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 net margin of 6.04% and a return on equity of 29.58%. The business had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the prior year, the firm earned $9.74 EPS. MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MELI shares. Morgan Stanley reduced their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research report on Friday, May 8th. Benchmark reduced their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

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.