Y Intercept Hong Kong Ltd lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 46.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,225 shares of the company’s stock after purchasing an additional 2,591 shares during the period. Y Intercept Hong Kong Ltd’s holdings in MercadoLibre were worth $14,221,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Brown Advisory Inc. lifted its stake in MercadoLibre by 2,494.9% in the fourth quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock valued at $30,943,000 after buying an additional 14,770 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of MercadoLibre by 238.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after acquiring an additional 1,430 shares during the last quarter. TIAA Trust National Association grew its position in shares of MercadoLibre by 10.9% during the fourth quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock worth $22,179,000 after acquiring an additional 1,083 shares during the last quarter. Deepwater Asset Management LLC increased its holdings in shares of MercadoLibre by 38.6% in the 4th quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock worth $15,641,000 after acquiring an additional 2,164 shares during the period. Finally, Employees Retirement System of Texas increased its holdings in shares of MercadoLibre by 18.2% in the 4th quarter. Employees Retirement System of Texas now owns 40,184 shares of the company’s stock worth $80,941,000 after acquiring an additional 6,200 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently weighed in on MELI shares. Scotiabank cut their price objective on shares of 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. Morgan Stanley dropped their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Barclays cut their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Cantor Fitzgerald cut their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. 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 analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.
MercadoLibre Stock Performance
Shares of MELI opened at $1,763.36 on Friday. The firm has a 50-day moving average price of $1,676.92 and a 200 day moving average price of $1,833.13. The firm has a market capitalization of $89.40 billion, a PE ratio of 46.54, a P/E/G ratio of 1.07 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50.
MercadoLibre (NASDAQ:MELI – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the business posted $9.74 EPS. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by company insiders.
Trending Headlines about MercadoLibre
Here are the key news stories impacting MercadoLibre this week:
- Positive Sentiment: Analysts and market commentary are highlighting MercadoLibre’s improving growth trajectory in Brazil, with faster GMV, more items sold, rising active buyers, and better logistics efficiency supporting the investment case. MercadoLibre (NasdaqGS:MELI) Leans On Brazil As Growth And Efficiency Pick Up
- Positive Sentiment: Several bullish articles argue MercadoLibre remains a strong long-term e-commerce winner, emphasizing that patience and long-term compounding could favor investors. If I Could Invest $1,000 Into Just 1 Stock in July, It Would Be MercadoLibre By a Mile
- Positive Sentiment: One valuation-focused piece suggests the stock may still offer upside on a cash-flow basis, even if traditional earnings multiples look rich. Is MercadoLibre (NasdaqGS:MELI) Cheap On Cash Flow Or Too Pricey On Earnings?
- Neutral Sentiment: Market commentary noted the stock recently outperformed a down market session, but this appears to be a short-term trading update rather than a major fundamental catalyst. MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
- Negative Sentiment: Multiple securities-fraud investigations were announced by law firms, creating legal uncertainty and a potential reputational overhang for MercadoLibre and its investors. MERCADOLIBRE, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
- Negative Sentiment: Additional law-firm notices about alleged securities-law violations may reinforce investor caution until the situation is clarified. Securities Fraud Investigation Into MercadoLibre, Inc. (MELI) Announced
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.
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Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI – Free Report).
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