DE Burlo Group Inc. Sells 820 Shares of MercadoLibre, Inc. $MELI

DE Burlo Group Inc. lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,340 shares of the company’s stock after selling 820 shares during the quarter. MercadoLibre makes up approximately 2.0% of DE Burlo Group Inc.’s holdings, making the stock its 19th biggest holding. DE Burlo Group Inc.’s holdings in MercadoLibre were worth $16,799,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new position in MercadoLibre in the 2nd quarter worth approximately $29,000. Curio Wealth LLC bought a new position in MercadoLibre in the 4th quarter worth approximately $30,000. Finally, Holos Integrated Wealth LLC acquired a new position in MercadoLibre during the 4th quarter worth $32,000. 87.62% of the stock is owned by institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MELI shares. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lowered their target price for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Barclays decreased their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Benchmark dropped their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Stock Performance

MELI stock opened at $1,589.60 on Friday. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The company has a market cap of $80.59 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. The business’s fifty day moving average is $1,715.68 and its 200-day moving average is $1,873.83.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The company 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% on a year-over-year basis. During the same period last year, the firm earned $9.74 earnings per share. Equities research analysts forecast that MercadoLibre, Inc. will post 40.97 EPS 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.