Sapient Capital LLC Lowers Position in MercadoLibre, Inc. $MELI

Key Points

• Sapient Capital LLC cut its MercadoLibre position by 85.7% in the second quarter, selling 7,920 shares and retaining 1,320 shares valued at approximately $2.24 million.
• MercadoLibre reported strong quarterly results, with revenue of $10.17 billion—up 49.8% year over year—and earnings per share of $9.19, exceeding analyst expectations.
• Wall Street remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of $2,272, although one analyst downgraded the stock to “Hold.”

Sapient Capital LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 85.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320 shares of the company's stock after selling 7,920 shares during the quarter. Sapient Capital LLC's holdings in MercadoLibre were worth $2,241,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter valued at $26,000. Purpose Unlimited Inc. acquired a new position in shares of MercadoLibre in the fourth quarter worth about $28,000. Wedbush Fund Advisers LLC acquired a new position in shares of MercadoLibre in the second quarter worth about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter worth about $29,000. Finally, Curio Wealth LLC acquired a new stake in shares of MercadoLibre during the 4th quarter valued at about $30,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,991.06 on Friday. The firm has a 50-day simple moving average of $1,853.37 and a 200-day simple moving average of $1,769.52. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $100.95 billion, a price-to-earnings ratio of 54.15, a price-to-earnings-growth ratio of 1.37 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.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MELI shares. Cantor Fitzgerald lifted their price target on MercadoLibre from $2,150.00 to $2,300.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $2,100.00 price objective on MercadoLibre in a research report on Wednesday, May 13th. Citigroup increased their target price on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Raymond James Financial set a $2,000.00 price target on shares of MercadoLibre in a research note on Friday, May 8th. Finally, Daiwa Securities Group lowered shares of MercadoLibre from a "buy" rating to a "hold" rating and set a $1,800.00 price target for the company. in a report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,272.00.

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.

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source