Orion Capital Management LLC Acquires New Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Orion Capital Management LLC acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, Holdings Channel reports. The fund acquired 55 shares of the company’s stock, valued at approximately $94,000.

A number of other hedge funds also recently bought and sold shares of the stock. Human Investing LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. raised its stake in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after acquiring an additional 8 shares during the last quarter. Covestor Ltd acquired a new stake in MercadoLibre in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in MercadoLibre in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,601.97 on Thursday. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,625.11. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market cap of $131.91 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The company’s 50 day moving average is $2,169.92 and its 200 day moving average is $2,011.23.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period in the prior year, the firm earned $6.78 EPS. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays increased their price objective on MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Cantor Fitzgerald lowered their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. The Goldman Sachs Group upped their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of MercadoLibre in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,551.43.

MercadoLibre Company Profile

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.