Gavilan Investment Partners LLC Acquires 4,500 Shares of MercadoLibre, Inc. $MELI

Gavilan Investment Partners LLC grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,500 shares of the company’s stock after purchasing an additional 4,500 shares during the period. MercadoLibre makes up approximately 9.4% of Gavilan Investment Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Gavilan Investment Partners LLC’s holdings in MercadoLibre were worth $39,278,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MELI. Bison Wealth LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at $206,000. Empowered Funds LLC increased its holdings in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares during the period. Focus Partners Wealth increased its holdings in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre during the second quarter valued at $261,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of MercadoLibre by 21.4% during the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after purchasing an additional 30 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Down 1.3%

NASDAQ:MELI opened at $1,589.60 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The firm has a market capitalization of $80.59 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. The stock has a fifty day simple moving average of $1,715.68 and a 200 day simple moving average of $1,873.83.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the business earned $9.74 EPS. The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. Sell-side analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Scotiabank lowered their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 7th. Wedbush decreased their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Finally, Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and decreased their target price for the company from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MercadoLibre 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.