Semanteon Capital Management LP Takes Position in MercadoLibre, Inc. (NASDAQ:MELI)

Semanteon Capital Management LP acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 550 shares of the company’s stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Synergy Financial Group LTD increased its holdings in MercadoLibre by 0.5% during the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock worth $2,030,000 after buying an additional 8 shares during the last quarter. Gateway Advisory LLC increased its holdings in MercadoLibre by 1.9% during the third quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock worth $545,000 after buying an additional 8 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in MercadoLibre by 6.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after buying an additional 8 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in MercadoLibre by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock worth $47,000 after buying an additional 9 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after buying an additional 9 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded up $42.17 during trading on Friday, reaching $1,406.00. The company’s stock had a trading volume of 443,255 shares, compared to its average volume of 384,968. The business’s 50-day moving average price is $1,530.62 and its 200-day moving average price is $1,527.51. The firm has a market cap of $71.28 billion, a PE ratio of 69.80, a P/E/G ratio of 0.91 and a beta of 1.44. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm posted $3.25 EPS. The company’s revenue was up 42.0% compared to the same quarter last year. Equities analysts forecast that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

Analysts Set New Price Targets

MELI has been the topic of a number of recent analyst reports. Susquehanna boosted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Wedbush lowered their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays decreased their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Citigroup decreased their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $1,790.36.

About MercadoLibre

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.