PBCay One RSC Ltd Makes New Investment in MercadoLibre, Inc. $MELI

PBCay One RSC Ltd bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, HoldingsChannel.com reports. The firm bought 16,333 shares of the company’s stock, valued at approximately $32,899,000. MercadoLibre comprises 5.8% of PBCay One RSC Ltd’s portfolio, making the stock its 7th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MELI. Bison Wealth LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $206,000. Empowered Funds LLC raised its position in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after buying an additional 49 shares during the last quarter. Focus Partners Wealth raised its position in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after buying an additional 178 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MercadoLibre during the second quarter valued at approximately $261,000. Finally, Gamco Investors INC. ET AL raised its position in shares of MercadoLibre by 21.4% during the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after buying an additional 30 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

MELI has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. BTIG Research cut their target price on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating for the company in a report on Friday, May 8th. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a report on Friday, May 8th. Finally, Scotiabank cut their target price on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Stock Down 3.8%

NASDAQ MELI opened at $1,546.81 on Friday. The firm has a market capitalization of $78.42 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 0.95 and a beta of 1.41. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $1,734.98 and a two-hundred day moving average of $1,945.43.

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). The company had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.74 earnings per share. On average, analysts predict that MercadoLibre, Inc. will post 42.53 earnings per share for the current year.

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.