Militia Capital Partners LP Takes Position in MercadoLibre, Inc. $MELI

Militia Capital Partners LP acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 650 shares of the company’s stock, valued at approximately $1,309,000.

A number of other hedge funds have also modified their holdings of the company. Opal Capital LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $453,000. Oddo BHF Asset Management Sas grew its holdings in MercadoLibre by 8.0% during the fourth quarter. Oddo BHF Asset Management Sas now owns 16,052 shares of the company’s stock worth $32,333,000 after acquiring an additional 1,185 shares during the period. University of Texas Texas AM Investment Management Co. grew its holdings in MercadoLibre by 744.0% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 211 shares of the company’s stock worth $425,000 after acquiring an additional 186 shares during the period. Silvant Capital Management LLC grew its holdings in MercadoLibre by 8.4% during the fourth quarter. Silvant Capital Management LLC now owns 11,876 shares of the company’s stock worth $23,921,000 after acquiring an additional 917 shares during the period. Finally, Tamar Securities LLC grew its holdings in MercadoLibre by 5.1% during the fourth quarter. Tamar Securities LLC now owns 13,124 shares of the company’s stock worth $26,435,000 after acquiring an additional 636 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.7%

Shares of MELI opened at $1,674.08 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The stock’s 50 day moving average is $1,713.47 and its two-hundred day moving average is $1,867.47. The firm has a market cap of $84.88 billion, a P/E ratio of 44.18, a PEG ratio of 1.01 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data 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 business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the business posted $9.74 earnings per share. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. Analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MELI. Barclays dropped their target price 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. The Goldman Sachs Group set a $2,100.00 target price on MercadoLibre in a report on Wednesday, May 13th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and dropped their target price for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a report on Friday, May 8th. Finally, Cantor Fitzgerald dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

About MercadoLibre

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.