Breakout Capital Partners LP Makes New $15.96 Million Investment in MercadoLibre, Inc. $MELI

Key Points

• Breakout Capital Partners purchased 9,400 MercadoLibre shares worth approximately $15.96 million, making the stock 8.5% of its portfolio and its seventh-largest holding.
• MercadoLibre reported quarterly EPS of $9.19 and revenue of $10.17 billion, beating analyst estimates; revenue increased 49.8% year over year.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $2,272 versus the stock’s reported price of $1,978.36.

Breakout Capital Partners LP purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,400 shares of the company's stock, valued at approximately $15,955,000. MercadoLibre accounts for 8.5% of Breakout Capital Partners LP's holdings, making the stock its 7th largest position.

A number of other large investors have also made changes to their positions in MELI. Darwin Wealth Management LLC bought a new position in MercadoLibre during the second quarter worth about $29,000. Transamerica Financial Advisors LLC bought a new stake in shares of MercadoLibre in the fourth quarter worth about $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre during the fourth quarter worth about $28,000. Curio Wealth LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of MercadoLibre during the 3rd quarter valued at about $35,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Down 0.6%

NASDAQ:MELI opened at $1,978.36 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $100.30 billion, a PE ratio of 53.80, a PEG ratio of 1.36 and a beta of 1.31. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. The stock has a 50-day simple moving average of $1,859.43 and a 200 day simple moving average of $1,770.98.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.65 by $0.54. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.MercadoLibre's revenue for the quarter was up 49.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.31 EPS. On average, sell-side analysts expect that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group decreased their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Citigroup raised their target price on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MercadoLibre in a research note on Thursday, July 2nd. Barclays reduced their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an "overweight" rating for the company in a report on Monday, May 11th. Finally, Zacks Research raised shares of MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $2,272.00.

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.

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