MercadoLibre, Inc. $MELI Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 5.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,514 shares of the company’s stock after selling 3,852 shares during the quarter. Bamco Inc. NY owned 0.12% of MercadoLibre worth $160,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bison Wealth LLC acquired a new position in MercadoLibre during the fourth quarter worth $206,000. Vanguard Group Inc. lifted its holdings in MercadoLibre by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 208,190 shares of the company’s stock worth $406,152,000 after buying an additional 2,562 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in MercadoLibre in the 1st quarter valued at approximately $259,000. HighTower Advisors LLC grew its stake in shares of MercadoLibre by 49.5% in the first quarter. HighTower Advisors LLC now owns 7,858 shares of the company’s stock worth $15,329,000 after acquiring an additional 2,603 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of MercadoLibre during the first quarter worth $390,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on MELI shares. Morgan Stanley lifted their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Susquehanna decreased their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. Barclays boosted their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a report on Friday, October 31st. Finally, Benchmark lowered their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,848.82.

Insider Activity at MercadoLibre

In other news, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the transaction, the director directly owned 257 shares of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.25% of the company’s stock.

MercadoLibre Stock Down 0.2%

Shares of MercadoLibre stock opened at $2,015.89 on Friday. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company has a market cap of $102.21 billion, a P/E ratio of 49.19, a PEG ratio of 1.45 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a fifty day moving average of $2,121.14 and a two-hundred day moving average of $2,316.57.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The firm had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The company’s revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the firm earned $7.83 earnings per share. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.