Lingotto Investment Management LLP Buys 5,138 Shares of MercadoLibre, Inc. $MELI

Lingotto Investment Management LLP raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 34.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,152 shares of the company’s stock after acquiring an additional 5,138 shares during the period. MercadoLibre makes up approximately 0.7% of Lingotto Investment Management LLP’s holdings, making the stock its 21st biggest position. Lingotto Investment Management LLP’s holdings in MercadoLibre were worth $40,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in MercadoLibre during the 4th quarter valued at about $26,000. Darwin Wealth Management LLC bought a new position in MercadoLibre during the 2nd quarter valued at about $29,000. Holos Integrated Wealth LLC bought a new position in MercadoLibre during the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd bought a new position in MercadoLibre during the 3rd quarter valued at about $35,000. Finally, Strengthening Families & Communities LLC bought a new position in MercadoLibre during the 4th quarter valued at about $38,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 2.1%

MercadoLibre stock opened at $1,730.98 on Tuesday. The firm has a 50 day moving average of $1,720.80 and a 200 day moving average of $1,898.53. The firm has a market capitalization of $87.76 billion, a price-to-earnings ratio of 45.68, a P/E/G ratio of 1.04 and a beta of 1.36. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last released its 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). The firm had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the company posted $9.74 earnings per share. As a group, research analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Insider Transactions at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The stock was 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 of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MELI shares. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their price target for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Scotiabank reduced their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Cantor Fitzgerald reduced their price target 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. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research report on Wednesday, May 13th. Finally, Wedbush reduced their price target 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. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

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.