Y Intercept Hong Kong Ltd Buys 1,371 Shares of MercadoLibre, Inc. $MELI

Y Intercept Hong Kong Ltd increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,634 shares of the company’s stock after purchasing an additional 1,371 shares during the period. Y Intercept Hong Kong Ltd’s holdings in MercadoLibre were worth $11,348,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MELI. Bison Wealth LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $206,000. Empowered Funds LLC raised its position in shares of MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after acquiring an additional 49 shares during the last quarter. Focus Partners Wealth raised its position in shares of MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after acquiring an additional 178 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of MercadoLibre during the 2nd quarter valued at $261,000. Finally, Gamco Investors INC. ET AL raised its position in shares of MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts have commented on MELI shares. Cantor Fitzgerald dropped 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 report on Tuesday, April 21st. Wedbush dropped their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Daiwa Securities Group cut shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a research report on Friday, May 8th. Morgan Stanley dropped 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 report on Monday, May 11th. Finally, UBS Group dropped their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,589.60 on Friday. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22. The firm has a market capitalization of $80.59 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $1,715.68 and a 200-day moving average of $1,873.83.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results 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 firm had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the firm earned $9.74 EPS. MercadoLibre’s quarterly revenue was up 49.0% on a year-over-year basis. On average, equities research analysts forecast that MercadoLibre, Inc. will post 40.97 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.