Y Intercept Hong Kong Ltd Has $11.35 Million Holdings in MercadoLibre, Inc. $MELI

Y Intercept Hong Kong Ltd increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 32.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,634 shares of the company’s stock after purchasing an additional 1,371 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MercadoLibre were worth $11,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its stake in shares of MercadoLibre by 238.3% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after buying an additional 1,430 shares during the last quarter. Weitz Investment Management Inc. acquired a new position in shares of MercadoLibre during the 3rd quarter worth about $8,647,000. TIAA Trust National Association boosted its stake in shares of MercadoLibre by 10.9% during the 4th quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock worth $22,179,000 after buying an additional 1,083 shares during the last quarter. Deepwater Asset Management LLC boosted its stake in shares of MercadoLibre by 38.6% during the 4th quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock worth $15,641,000 after buying an additional 2,164 shares during the last quarter. Finally, Integrated Financial Solutions Inc. boosted its stake in shares of MercadoLibre by 129.7% during the 4th quarter. Integrated Financial Solutions Inc. now owns 2,109 shares of the company’s stock worth $4,248,000 after buying an additional 1,191 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Down 1.3%

Shares of MELI stock opened at $1,589.60 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm’s 50-day moving average is $1,715.68 and its 200-day moving average is $1,873.83. The stock has a market cap of $80.59 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 0.99 and a beta of 1.36. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22.

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 firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $9.74 earnings per share. Sell-side analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of recent research reports. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research note on Friday, May 8th. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, the director owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.26% of the company’s stock.

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.