Sargent Investment Group LLC Acquires Shares of 456 MercadoLibre, Inc. $MELI

Sargent Investment Group LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 456 shares of the company’s stock, valued at approximately $919,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its position in MercadoLibre by 10.8% in the fourth quarter. MML Investors Services LLC now owns 3,618 shares of the company’s stock valued at $7,287,000 after purchasing an additional 354 shares during the period. Mariner LLC increased its position in shares of MercadoLibre by 0.6% during the fourth quarter. Mariner LLC now owns 5,356 shares of the company’s stock worth $10,791,000 after acquiring an additional 31 shares during the last quarter. MayTech Global Investments LLC increased its position in shares of MercadoLibre by 0.5% during the fourth quarter. MayTech Global Investments LLC now owns 25,216 shares of the company’s stock worth $50,804,000 after acquiring an additional 135 shares during the last quarter. Fifth Lane Capital LP purchased a new stake in shares of MercadoLibre during the fourth quarter worth about $1,057,000. Finally, Focus Partners Wealth increased its position in shares of MercadoLibre by 275.5% during the fourth quarter. Focus Partners Wealth now owns 3,875 shares of the company’s stock worth $7,814,000 after acquiring an additional 2,843 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $1,589.60 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The firm has a market cap of $80.59 billion, a P/E ratio of 41.95, a P/E/G ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22. The business has a 50-day moving average price of $1,715.68 and a 200 day moving average price of $1,872.88.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.74 earnings per share. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MELI shares. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research report on Friday, May 8th. Cantor Fitzgerald dropped their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Scotiabank dropped their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. Citigroup lowered MercadoLibre from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. Finally, Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a research report on Friday, May 8th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,255.33.

Insiders Place Their Bets

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the acquisition, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.