Delta Global Management LP Takes Position in MercadoLibre, Inc. $MELI

Key Points

• Delta Global Management LP established a new position in MercadoLibre, buying 650 shares in Q3 worth about $1.519 million, joining other large institutional buyers (Dragoneer added ≈$241.6 million) in a stock that is 87.62% institutionally owned.
• In its most recent quarter MercadoLibre reported EPS of $11.03 (missing estimates by $0.63) while revenue came in at $8.76 billion, beating expectations and rising 44.6% year‑over‑year.
• Several analysts have trimmed targets (e.g., JPMorgan cut its target to $2,100), but the consensus remains a Moderate Buy with an average price target of $2,725.33.

Delta Global Management LP purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 650 shares of the company's stock, valued at approximately $1,519,000.

Other large investors have also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new position in MercadoLibre during the 3rd quarter worth approximately $241,591,000. EFG Asset Management Americas Corp. acquired a new stake in shares of MercadoLibre in the 3rd quarter valued at approximately $1,741,000. Brevan Howard Capital Management LP lifted its holdings in shares of MercadoLibre by 847.8% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,791 shares of the company's stock valued at $8,944,000 after buying an additional 3,391 shares during the period. City of London Investment Management Co. Ltd. purchased a new stake in shares of MercadoLibre in the third quarter valued at approximately $1,110,000. Finally, Clough Capital Partners L P grew its holdings in MercadoLibre by 10.8% during the third quarter. Clough Capital Partners L P now owns 4,839 shares of the company's stock worth $11,308,000 after acquiring an additional 472 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Up 3.7%

MELI opened at $1,732.33 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market cap of $87.83 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 0.89 and a beta of 1.48. MercadoLibre, Inc. has a one year low of $1,631.18 and a one year high of $2,645.22. The business's fifty day moving average is $1,987.89 and its two-hundred day moving average is $2,110.20.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts' consensus estimates of $11.66 by ($0.63). The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company's quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.61 EPS. Analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut MercadoLibre from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Wedbush decreased their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley cut their price target on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a report on Monday, March 9th. UBS Group reduced their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus price target of $2,725.33.

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.

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