X Square Capital LLC Raises Holdings in MercadoLibre, Inc. $MELI

X Square Capital LLC boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 103.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,830 shares of the company’s stock after acquiring an additional 1,945 shares during the quarter. MercadoLibre comprises about 2.5% of X Square Capital LLC’s investment portfolio, making the stock its 6th biggest position. X Square Capital LLC’s holdings in MercadoLibre were worth $7,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre during the second quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Curio Wealth LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd bought a new position in shares of MercadoLibre during the third quarter valued at approximately $35,000. Finally, Holos Integrated Wealth LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $32,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 0.3%

Shares of NASDAQ:MELI opened at $1,611.99 on Tuesday. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The stock has a market cap of $81.72 billion, a P/E ratio of 42.54, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. The business’s 50 day moving average is $1,720.43 and its 200 day moving average is $1,883.50. 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 (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period last year, the company earned $9.74 EPS. Sell-side analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a research note on Friday, May 8th. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. JPMorgan Chase & Co. dropped their price objective on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Wedbush dropped their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

MercadoLibre 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.