Kids Capital Management L.P. Has $15.71 Million Stake in MercadoLibre, Inc. $MELI

by · The Cerbat Gem

Kids Capital Management L.P. lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,800 shares of the company’s stock after buying an additional 1,000 shares during the period. MercadoLibre comprises approximately 11.7% of Kids Capital Management L.P.’s holdings, making the stock its 4th largest position. Kids Capital Management L.P.’s holdings in MercadoLibre were worth $15,711,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre in the 2nd quarter worth about $29,000. Laurel Wealth Advisors LLC bought a new position in shares of MercadoLibre in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre in the 4th quarter worth about $26,000. Curio Wealth LLC bought a new position in shares of MercadoLibre in the 4th quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of MercadoLibre in the 3rd quarter worth about $35,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

Shares of MELI opened at $1,589.60 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The stock has a 50-day moving average of $1,715.68 and a 200-day moving average of $1,873.83. The company has a market cap of $80.59 billion, a PE ratio of 41.95, a P/E/G ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s quarterly revenue was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.74 earnings per share. On average, equities research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday, May 8th. Scotiabank lowered their price objective on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a research report on Friday, May 8th. Finally, Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

Read Our Latest Analysis on MELI

Insider Activity at MercadoLibre

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

About MercadoLibre

(Free Report)

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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