328 MercadoLibre, Inc. $MELI Shares Sold by Sapient Capital LLC

Sapient Capital LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 992 shares of the company’s stock after selling 328 shares during the quarter. Sapient Capital LLC’s holdings in MercadoLibre were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. BlackRock Inc. purchased a new stake in MercadoLibre in the 2nd quarter worth approximately $2,246,015,000. Janus Henderson Group PLC lifted its stake in MercadoLibre by 1.7% in the first quarter. Janus Henderson Group PLC now owns 614,238 shares of the company’s stock worth $1,062,019,000 after acquiring an additional 10,142 shares during the period. Linonia Partnership LP increased its position in MercadoLibre by 325.1% during the 2nd quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock valued at $939,994,000 after purchasing an additional 423,527 shares during the period. Jupiter Topco LLC bought a new position in MercadoLibre in the 2nd quarter worth $917,123,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in MercadoLibre by 7.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 533,816 shares of the company’s stock worth $906,094,000 after purchasing an additional 38,871 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded down $16.12 during trading on Thursday, hitting $1,856.66. 273,824 shares of the company’s stock traded hands, compared to its average volume of 541,762. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,428.00. The stock has a market capitalization of $94.13 billion, a P/E ratio of 50.49, a PEG ratio of 1.30 and a beta of 1.31. The business has a 50-day simple moving average of $1,864.15 and a 200-day simple moving average of $1,774.90.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the prior year, the firm earned $10.31 earnings per share. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. As a group, analysts forecast that MercadoLibre, Inc. will post 38.29 EPS for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research analyst reports. New Street Research initiated coverage on shares of MercadoLibre in a research report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Susquehanna increased their target price on MercadoLibre to $2,400.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, Citigroup raised their price target on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,251.88.

MercadoLibre Profile

MercadoLibre, Inc (NASDAQ:MELI) operates a technology platform serving commerce and financial-services customers across Latin America. Its online marketplace connects buyers and sellers, offering products across categories including electronics, apparel, home goods, automotive products and consumer packaged goods.

The company also provides a range of supporting services, including Mercado Pago, a digital payments platform that enables online and in-person transactions, money transfers and other financial services.