PBCay One RSC Ltd Acquires New Holdings in MercadoLibre, Inc. $MELI

PBCay One RSC Ltd bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 investment portfolio, making the stock its 7th biggest position.

Several other hedge funds have also bought and sold shares of MELI. Bison Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $206,000. Empowered Funds LLC lifted its holdings in shares of MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $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 in the 2nd quarter worth approximately $261,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of MercadoLibre by 21.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after acquiring an additional 30 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 3.8%

Shares of MercadoLibre stock opened at $1,546.81 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.15. The company has a 50-day moving average of $1,734.98 and a 200 day moving average of $1,945.43. The firm has a market cap 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 1 year low of $1,495.00 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued 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 return on equity of 29.58% and a net margin of 6.04%.The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the business earned $9.74 earnings per share. The firm’s revenue was up 49.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 42.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Scotiabank lowered their price objective 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. JPMorgan Chase & Co. lowered 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 report on Wednesday. Benchmark lowered their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a report on Friday, May 8th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Company Profile

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.