Sapient Capital LLC Buys Shares of 7,335 MercadoLibre, Inc. (NASDAQ:MELI)

Sapient Capital LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,335 shares of the company’s stock, valued at approximately $11,527,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MELI. Turtle Creek Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $28,000. Archer Investment Corp acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $31,000. NBC Securities Inc. acquired a new position in shares of MercadoLibre in the 3rd quarter worth approximately $35,000. Larson Financial Group LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $36,000. Finally, Blue Trust Inc. lifted its holdings in shares of MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after acquiring an additional 9 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 8.3 %

Shares of NASDAQ:MELI traded up $124.57 during trading hours on Friday, reaching $1,630.56. The stock had a trading volume of 1,346,802 shares, compared to its average volume of 395,765. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The firm’s 50 day moving average is $1,499.29 and its 200-day moving average is $1,537.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The stock has a market capitalization of $82.67 billion, a price-to-earnings ratio of 72.96, a P/E/G ratio of 1.09 and a beta of 1.45.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the firm posted $3.97 EPS. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. Research analysts predict that MercadoLibre, Inc. will post 34.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays decreased their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a report on Tuesday, April 23rd. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Susquehanna increased their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,805.00.

MercadoLibre Profile

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.