MercadoLibre, Inc. $MELI Shares Sold by Dupree Financial Group LLC

Dupree Financial Group LLC cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,937 shares of the company’s stock after selling 789 shares during the quarter. MercadoLibre comprises approximately 2.6% of Dupree Financial Group LLC’s investment portfolio, making the stock its 15th biggest position. Dupree Financial Group LLC’s holdings in MercadoLibre were worth $6,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the second quarter valued at about $29,000. Highline Wealth Partners LLC increased its holdings in MercadoLibre by 366.7% in the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after purchasing an additional 11 shares during the last quarter. Curio Wealth LLC raised its position in MercadoLibre by 1,400.0% in the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after purchasing an additional 14 shares during the period. Stone House Investment Management LLC purchased a new stake in MercadoLibre in the second quarter valued at approximately $39,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in MercadoLibre during the third quarter worth $35,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MELI has been the subject of a number of research reports. Benchmark dropped their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. UBS Group cut their price target on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Wedbush lowered their price objective on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Finally, BTIG Research restated a “buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,842.94.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction dated Tuesday, December 9th. The stock was 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. In the last three months, insiders sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI opened at $2,075.01 on Friday. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The stock has a market capitalization of $105.20 billion, a PE ratio of 50.63, a PEG ratio of 1.03 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 stock has a 50-day simple moving average of $2,049.41 and a 200-day simple moving average of $2,237.17.

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