MercadoLibre, Inc. $MELI Shares Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 8.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,876 shares of the company’s stock after buying an additional 917 shares during the quarter. MercadoLibre accounts for 0.8% of Silvant Capital Management LLC’s holdings, making the stock its 21st largest position. Silvant Capital Management LLC’s holdings in MercadoLibre were worth $23,921,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MELI. Bison Wealth LLC acquired a new position in MercadoLibre in the fourth quarter worth approximately $206,000. Empowered Funds LLC grew its position in MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares during the last quarter. Focus Partners Wealth boosted its stake in MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new position in MercadoLibre during the 2nd quarter worth approximately $261,000. Finally, Gamco Investors INC. ET AL grew its position in MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on MELI shares. Benchmark lowered their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, BTIG Research reiterated a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Stock Up 3.6%

MELI stock opened at $1,646.36 on Tuesday. 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 1 year low of $1,495.00 and a 1 year high of $2,645.22. The company has a fifty day simple moving average of $1,714.30 and a 200 day simple moving average of $1,870.00. The firm has a market cap of $83.47 billion, a PE ratio of 43.45, a PEG ratio of 0.98 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last released 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). 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 firm posted $9.74 EPS. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. Sell-side analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.