14B Captial Management LP Purchases New Shares in MercadoLibre, Inc. $MELI

14B Captial Management LP purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,870 shares of the company’s stock, valued at approximately $3,767,000. MercadoLibre comprises 3.0% of 14B Captial Management LP’s holdings, making the stock its 10th biggest holding.

Other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre in the 2nd quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $26,000. Curio Wealth LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre in the 3rd quarter valued at $35,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

MELI stock opened at $1,631.82 on Thursday. The business’s 50-day moving average price is $1,711.90 and its two-hundred day moving average price is $1,864.64. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market cap of $82.73 billion, a PE ratio of 43.07, a P/E/G ratio of 1.03 and a beta of 1.36. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.74 earnings per share. As a group, research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MELI shares. UBS Group lowered their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lowered their target price for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Morgan Stanley lowered their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insiders Place Their Bets

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.

MercadoLibre 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.