Maverick Capital Ltd. Has $46.50 Million Holdings in MercadoLibre, Inc. $MELI

Maverick Capital Ltd. lifted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,894 shares of the company’s stock after purchasing an additional 745 shares during the quarter. Maverick Capital Ltd.’s holdings in MercadoLibre were worth $46,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre in the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter worth about $26,000. Purpose Unlimited Inc. bought a new position in shares of MercadoLibre during the 4th quarter worth about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter valued at about $29,000. Finally, Curio Wealth LLC bought a new stake in MercadoLibre in the fourth quarter valued at about $30,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lowered their price objective on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley dropped their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Scotiabank cut their target price on 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. Finally, Cantor Fitzgerald decreased their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,258.67.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $1,819.74 on Tuesday. The stock has a market capitalization of $92.26 billion, a price-to-earnings ratio of 48.03, a P/E/G ratio of 1.11 and a beta of 1.35. The firm’s 50-day moving average price is $1,710.62 and its two-hundred day moving average price is $1,810.88. 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, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s revenue was up 49.0% on a year-over-year basis. During the same quarter last year, the firm posted $9.74 EPS. On average, equities analysts predict that MercadoLibre, Inc. will post 41 earnings per share for the current fiscal year.

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.