MercadoLibre, Inc. $MELI Shares Sold by Marcho Partners LLP

Marcho Partners LLP decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,635 shares of the company’s stock after selling 2,134 shares during the quarter. MercadoLibre comprises about 20.3% of Marcho Partners LLP’s holdings, making the stock its 2nd largest position. Marcho Partners LLP’s holdings in MercadoLibre were worth $33,507,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $26,000. Darwin Wealth Management LLC acquired a new position in MercadoLibre in the 2nd quarter valued at about $29,000. Curio Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter valued at about $30,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MELI shares. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research note on Tuesday, June 2nd. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. Barclays dropped their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Benchmark dropped their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

MercadoLibre Stock Down 1.3%

MELI opened at $1,589.60 on Friday. The firm has a 50 day moving average price of $1,715.68 and a 200 day moving average price of $1,873.83. The company has a market cap of $80.59 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22. 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 (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $9.74 EPS. Sell-side analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

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.