Semanteon Capital Management LP Acquires New Position in MercadoLibre, Inc. (NASDAQ:MELI)

Semanteon Capital Management LP purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 550 shares of the company’s stock, valued at approximately $864,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Synergy Financial Group LTD increased its position in shares of MercadoLibre by 0.5% during the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock valued at $2,030,000 after buying an additional 8 shares during the period. Gateway Advisory LLC increased its position in shares of MercadoLibre by 1.9% during the third quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after buying an additional 8 shares during the period. Contravisory Investment Management Inc. increased its position in shares of MercadoLibre by 6.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock valued at $217,000 after buying an additional 8 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of MercadoLibre by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after buying an additional 9 shares during the period. Finally, Blue Trust Inc. increased its position in shares of MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after buying an additional 9 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

MELI traded up $42.17 during midday trading on Friday, hitting $1,406.00. The stock had a trading volume of 443,255 shares, compared to its average volume of 384,968. The company has a market cap of $71.28 billion, a P/E ratio of 69.80, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. The business has a fifty day moving average of $1,530.62 and a 200 day moving average of $1,527.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm posted $3.25 EPS. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, equities analysts forecast that MercadoLibre, Inc. will post 34.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Barclays cut their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Citigroup cut their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Wedbush cut their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $1,790.36.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.