MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Sapient Capital LLC

Sapient Capital LLC raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,161 shares of the company’s stock after acquiring an additional 234 shares during the quarter. MercadoLibre makes up 0.9% of Sapient Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Sapient Capital LLC’s holdings in MercadoLibre were worth $43,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. 1620 Investment Advisors Inc. grew its holdings in shares of MercadoLibre by 2.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company’s stock worth $346,000 after acquiring an additional 5 shares during the period. Texas Yale Capital Corp. grew its holdings in shares of MercadoLibre by 0.3% in the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company’s stock worth $2,779,000 after acquiring an additional 5 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in shares of MercadoLibre by 0.5% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company’s stock worth $1,699,000 after acquiring an additional 5 shares during the period. Formidable Asset Management LLC grew its holdings in shares of MercadoLibre by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company’s stock worth $272,000 after acquiring an additional 5 shares during the period. Finally, Revolve Wealth Partners LLC grew its holdings in shares of MercadoLibre by 4.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company’s stock worth $201,000 after acquiring an additional 5 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a report on Thursday, May 1st. Susquehanna upped their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a report on Friday, February 21st. UBS Group set a $3,000.00 target price on MercadoLibre in a report on Monday, June 2nd. Benchmark downgraded MercadoLibre from a “buy” rating to a “cautious” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $2,632.50.

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,387.00 on Thursday. The business’s 50-day moving average price is $2,318.55 and its 200 day moving average price is $2,070.71. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,635.88. The company has a market capitalization of $121.01 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period in the prior year, the business posted $6.78 earnings per share. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre 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.