Bienville Capital Management LLC Grows Stock Holdings in MercadoLibre, Inc. $MELI

Bienville Capital Management LLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 50.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 32,018 shares of the company’s stock after purchasing an additional 10,774 shares during the period. MercadoLibre comprises 7.2% of Bienville Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Bienville Capital Management LLC owned approximately 0.06% of MercadoLibre worth $54,347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its holdings in shares of MercadoLibre by 176,119.7% in the second quarter. California State Teachers Retirement System now owns 119,862,892 shares of the company’s stock valued at $203,454,074,000 after acquiring an additional 119,794,873 shares in the last quarter. Capital Research Global Investors grew its stake in MercadoLibre by 22.5% in the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock valued at $4,481,812,000 after purchasing an additional 408,939 shares during the period. Capital International Investors increased its position in shares of MercadoLibre by 7.3% during the 4th quarter. Capital International Investors now owns 1,725,125 shares of the company’s stock valued at $3,474,880,000 after purchasing an additional 118,018 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of MercadoLibre by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,583,071 shares of the company’s stock valued at $3,188,718,000 after purchasing an additional 137,100 shares during the last quarter. Finally, BlackRock Inc. bought a new stake in shares of MercadoLibre during the 2nd quarter worth $2,246,015,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group reduced their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research note on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,272.00.

MercadoLibre Trading Down 2.6%

Shares of MELI opened at $1,876.33 on Thursday. The business has a 50-day moving average of $1,872.60 and a 200 day moving average of $1,768.04. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,548.50. The firm has a market cap of $95.13 billion, a P/E ratio of 51.03, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, August 6th. The company reported $9.19 EPS for the quarter, beating the consensus estimate of $8.65 by $0.54. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company’s revenue was up 49.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.31 earnings per share. As a group, research analysts forecast that MercadoLibre, Inc. will post 39.11 EPS for the current year.

MercadoLibre Company Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company began as an online marketplace and has expanded into a broad platform serving consumers, merchants and businesses.

Its marketplace enables users to buy and sell products across categories, while Mercado Pago provides digital payments, online checkout, money transfers and other financial services. The company also offers Mercado Envíos logistics and fulfillment services, Mercado Ads advertising solutions, and credit products through Mercado Crédito.