Jefferies Financial Group Inc. Trims Position in MercadoLibre, Inc. $MELI

Jefferies Financial Group Inc. cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 37.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 613 shares of the company’s stock after selling 369 shares during the quarter. Jefferies Financial Group Inc.’s holdings in MercadoLibre were worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in MercadoLibre by 16.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 104 shares of the company’s stock valued at $209,000 after acquiring an additional 15 shares in the last quarter. Cumberland Partners Ltd grew its stake in MercadoLibre by 2.0% in the 4th quarter. Cumberland Partners Ltd now owns 2,550 shares of the company’s stock valued at $5,136,000 after acquiring an additional 50 shares during the period. Americana Partners LLC grew its stake in MercadoLibre by 20.3% in the 4th quarter. Americana Partners LLC now owns 1,985 shares of the company’s stock valued at $3,998,000 after acquiring an additional 335 shares during the period. Advisory Alpha LLC grew its stake in MercadoLibre by 68.4% in the 4th quarter. Advisory Alpha LLC now owns 411 shares of the company’s stock valued at $831,000 after acquiring an additional 167 shares during the period. Finally, Principle Wealth Partners LLC grew its stake in MercadoLibre by 3.9% in the 4th quarter. Principle Wealth Partners LLC now owns 265 shares of the company’s stock valued at $533,000 after acquiring an additional 10 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

MercadoLibre Stock Down 0.0%

Shares of MELI opened at $1,695.53 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The stock has a market capitalization of $85.96 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.04 and a beta of 1.41. The stock has a 50 day moving average price of $1,719.41 and a 200 day moving average price of $1,903.92.

MercadoLibre (NASDAQ:MELI) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.74 earnings per share. Equities research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MELI. JPMorgan Chase & Co. dropped their price target on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Scotiabank dropped their price target 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. Wedbush dropped their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Barclays dropped their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

MercadoLibre Profile

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.