Procyon Advisors LLC Makes New Investment in MercadoLibre, Inc. $MELI

Key Points

• Procyon Advisors initiated a new stake in MercadoLibre, buying 1,125 shares in Q4 valued at about $2.27 million, and institutional investors now own roughly 87.62% of the stock.
• MercadoLibre reported Q4 EPS of $11.03 (missing by $0.63) while revenue of $8.76 billion beat estimates and rose 44.6% year‑over‑year; the stock traded down about 1.9% and opened at $1,635.76 (market cap ~$82.9B).
• Analysts give a consensus rating of “Moderate Buy” with an average price target of $2,708.67, though several banks (Morgan Stanley, BTIG, UBS) have recently trimmed their targets.

Procyon Advisors LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,125 shares of the company's stock, valued at approximately $2,266,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MELI. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre in the second quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in MercadoLibre during the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in MercadoLibre in the third quarter worth approximately $35,000. Cullen Frost Bankers Inc. raised its position in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock worth $37,000 after acquiring an additional 8 shares during the period. Finally, Holos Integrated Wealth LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MELI shares. Zacks Research raised shares of MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Friday, February 6th. Morgan Stanley decreased their target price on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Monday, March 9th. Dbs Bank raised MercadoLibre from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 2nd. BTIG Research reduced their price target on MercadoLibre from $2,650.00 to $2,400.00 and set a "buy" rating for the company in a research report on Friday. Finally, UBS Group decreased their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,708.67.

MercadoLibre Stock Down 1.9%

Shares of MELI stock opened at $1,635.76 on Monday. The company has a market capitalization of $82.93 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 0.80 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 company's fifty day moving average price is $1,948.16 and its 200-day moving average price is $2,089.23. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15.

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

MercadoLibre Company 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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