Marcho Partners LLP Decreases Position in MercadoLibre, Inc. $MELI

Marcho Partners LLP trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 49.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,677 shares of the company’s stock after selling 16,428 shares during the quarter. MercadoLibre makes up 15.4% of Marcho Partners LLP’s portfolio, making the stock its 2nd biggest position. Marcho Partners LLP’s holdings in MercadoLibre were worth $43,588,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Jackson Wealth Management LLC acquired a new position in MercadoLibre in the second quarter valued at about $499,000. Highview Capital Management LLC DE bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $559,000. Ninety One North America Inc. increased its stake in shares of MercadoLibre by 21.5% in the 2nd quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after acquiring an additional 1,080 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of MercadoLibre by 4.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock valued at $39,900,000 after acquiring an additional 585 shares during the period. Finally, Banco Santander S.A. boosted its stake in MercadoLibre by 221.9% during the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company’s stock worth $5,357,000 after acquiring an additional 1,893 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley boosted their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. BTIG Research restated a “buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Friday, November 14th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,848.82.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,033.32 on Friday. The company has a fifty day moving average price of $2,192.26 and a 200 day moving average price of $2,353.92. The firm has a market cap of $103.08 billion, a PE ratio of 49.62, a PEG ratio of 1.56 and a beta of 1.51. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). The firm had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the prior year, the business earned $7.83 EPS. Research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre 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.