Sapient Capital LLC Trims Position in MercadoLibre, Inc. $MELI

Sapient Capital LLC decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 85.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,320 shares of the company’s stock after selling 7,920 shares during the quarter. Sapient Capital LLC’s holdings in MercadoLibre were worth $2,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MELI. TD Waterhouse Canada Inc. grew its stake in shares of MercadoLibre by 103.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,004 shares of the company’s stock valued at $1,864,000 after buying an additional 511 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of MercadoLibre by 5.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $1,967,000 after buying an additional 61 shares during the last quarter. NEOS Investment Management LLC raised its position in shares of MercadoLibre by 10.0% during the 2nd quarter. NEOS Investment Management LLC now owns 30,045 shares of the company’s stock valued at $50,998,000 after buying an additional 2,722 shares during the period. AXQ Capital LP raised its position in shares of MercadoLibre by 112.9% during the 2nd quarter. AXQ Capital LP now owns 1,422 shares of the company’s stock valued at $2,414,000 after buying an additional 754 shares during the period. Finally, Continuum Advisory LLC acquired a new position in MercadoLibre in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,991.06 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $100.95 billion, a P/E ratio of 54.15, a P/E/G ratio of 1.37 and a beta of 1.31. The firm’s 50 day moving average price is $1,853.37 and its 200-day moving average price is $1,769.52. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, beating the consensus estimate of $8.65 by $0.54. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same quarter last year, the firm earned $10.31 EPS. As a group, equities research analysts predict that MercadoLibre, Inc. will post 39.11 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MELI. Cantor Fitzgerald increased their price objective on MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. The Goldman Sachs Group set a $2,100.00 target price on MercadoLibre in a research report on Wednesday, May 13th. Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target on the stock. in a research note on Friday, May 8th. Scotiabank lowered their price target on 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. Finally, Barclays cut their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,272.00.

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.