Bienville Capital Management LLC lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 50.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,018 shares of the company’s stock after purchasing an additional 10,774 shares during the quarter. MercadoLibre accounts for about 7.2% of Bienville Capital Management LLC’s holdings, making the stock its 2nd largest position. Bienville Capital Management LLC’s holdings in MercadoLibre were worth $54,347,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $26,000. Purpose Unlimited Inc. bought a new stake in shares of MercadoLibre during the fourth quarter valued at about $28,000. Wedbush Fund Advisers LLC purchased a new stake in shares of MercadoLibre in the second quarter worth about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre in the second quarter worth about $29,000. Finally, Curio Wealth LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.
MercadoLibre Stock Down 2.6%
Shares of NASDAQ MELI opened at $1,876.33 on Thursday. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $95.13 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 1.32 and a beta of 1.31. The business has a 50-day moving average of $1,872.60 and a 200-day moving average of $1,768.04.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 target price on shares of MercadoLibre in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Cantor Fitzgerald upped their price target on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,272.00.
Get Our Latest Research Report on MELI
About MercadoLibre
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.
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