MercadoLibre, Inc. $MELI Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,283 shares of the company’s stock after selling 15,879 shares during the period. Sustainable Growth Advisers LP’s holdings in MercadoLibre were worth $155,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $32,000. Finally, Rothschild Investment LLC boosted its holdings in shares of MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MELI has been the topic of several recent research reports. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and lowered their target price for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Scotiabank lowered their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 7th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a report on Friday, May 8th. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Finally, UBS Group lowered their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Stock Up 2.1%

MELI stock opened at $1,730.98 on Tuesday. The firm has a market cap of $87.76 billion, a PE ratio of 45.68, a PEG ratio of 1.04 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm’s 50 day moving average price is $1,720.80 and its 200-day moving average price is $1,898.53. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released 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 net margin of 6.04% and a return on equity of 29.58%. The firm’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.74 EPS. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Insider Transactions at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

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.