Life Cycle Investment Partners Ltd Invests $6.67 Million in MercadoLibre, Inc. $MELI

Life Cycle Investment Partners Ltd purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,313 shares of the company’s stock, valued at approximately $6,673,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. raised its stake in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. Finally, Holos Integrated Wealth LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,664.42 on Monday. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The company has a 50-day moving average of $1,721.55 and a 200-day moving average of $1,918.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The company has a market cap of $84.38 billion, a P/E ratio of 43.93, a P/E/G ratio of 1.03 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the firm posted $9.74 EPS. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. As a group, equities analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Wall Street Analyst Weigh In

MELI has been the subject of several analyst reports. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Morgan Stanley cut their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and cut their target price for the company from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and lowered their price target for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Finally, Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

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.