Spear Holdings RSC Ltd Sells 5,122 Shares of MercadoLibre, Inc. $MELI

Spear Holdings RSC Ltd cut its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 23.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,328 shares of the company’s stock after selling 5,122 shares during the period. MercadoLibre accounts for 5.8% of Spear Holdings RSC Ltd’s portfolio, making the stock its 7th largest position. Spear Holdings RSC Ltd’s holdings in MercadoLibre were worth $32,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $26,000. Darwin Wealth Management LLC acquired a new stake in MercadoLibre in the 2nd quarter valued at approximately $29,000. Holos Integrated Wealth LLC acquired a new stake in MercadoLibre in the 4th quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new position in MercadoLibre during the 3rd quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. increased its stake in MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $1,546.81 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.15. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22. The firm has a fifty day moving average price of $1,734.98 and a two-hundred day moving average price of $1,945.43. The company has a market cap of $78.42 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results 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). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the company earned $9.74 earnings per share. MercadoLibre’s revenue for the quarter was up 49.0% on a year-over-year basis. Analysts expect that MercadoLibre, Inc. will post 42.53 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MELI shares. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday. Benchmark lowered their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. UBS Group decreased their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday. BTIG Research decreased their price objective on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and decreased their target price for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,255.33.

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.