AMS Capital Ltda Acquires New Position in MercadoLibre, Inc. $MELI

AMS Capital Ltda bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,185 shares of the company’s stock, valued at approximately $5,711,000. MercadoLibre accounts for approximately 2.2% of AMS Capital Ltda’s portfolio, making the stock its 14th largest position.

Several other institutional investors also recently bought and sold shares of MELI. Brooklyn Investment Group boosted its holdings in shares of MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after purchasing an additional 13 shares during the last quarter. Twin Tree Management LP acquired a new position in MercadoLibre during the first quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre in the 2nd quarter worth $29,000. Saudi Central Bank purchased a new stake in shares of MercadoLibre during the 1st quarter worth about $35,000. Finally, McIlrath & Eck LLC raised its stake in shares of MercadoLibre by 375.0% in the 1st quarter. McIlrath & Eck LLC now owns 19 shares of the company’s stock valued at $37,000 after acquiring an additional 15 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MELI has been the topic of a number of recent analyst reports. Benchmark cut their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of MercadoLibre in a research note on Friday, October 31st. Morgan Stanley upped their price objective on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Citigroup reduced their price objective on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,848.82.

Insider Transactions at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the sale, the director owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.25% of the company’s stock.

MercadoLibre Trading Down 0.2%

NASDAQ:MELI opened at $2,015.89 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market capitalization of $102.21 billion, a P/E ratio of 49.19, a P/E/G ratio of 1.45 and a beta of 1.42. The stock’s 50 day moving average price is $2,121.14 and its 200 day moving average price is $2,314.90. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). The business had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm posted $7.83 EPS. On average, research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.