AlpenGlobal Capital LLC Purchases Shares of 3,954 MercadoLibre, Inc. $MELI

AlpenGlobal Capital LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,954 shares of the company’s stock, valued at approximately $6,837,000. MercadoLibre makes up 4.4% of AlpenGlobal Capital LLC’s holdings, making the stock its 7th largest holding.

Several other large investors also recently modified their holdings of the stock. Bison Wealth LLC bought a new position in MercadoLibre during the fourth quarter worth $206,000. Empowered Funds LLC increased its stake in MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares in the last quarter. Focus Partners Wealth increased its stake in MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre during the second quarter valued at about $261,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of MercadoLibre by 21.4% during the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MELI opened at $1,852.22 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average price is $1,675.89 and its two-hundred day moving average price is $1,827.82. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50. The company has a market cap of $93.91 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 1.11 and a beta of 1.35.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business 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 firm’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period last year, the business posted $9.74 earnings per share. On average, analysts expect that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Benchmark decreased their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Cantor Fitzgerald dropped 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. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a report on Friday, May 8th. Finally, UBS Group reduced their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

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.