MercadoLibre, Inc. $MELI Holdings Decreased by Bellwether Advisors LLC

Bellwether Advisors LLC lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 42.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,814 shares of the company’s stock after selling 1,324 shares during the period. Bellwether Advisors LLC’s holdings in MercadoLibre were worth $4,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. Highview Capital Management LLC DE purchased a new stake in shares of MercadoLibre during the second quarter worth $559,000. Resona Asset Management Co. Ltd. increased its position in MercadoLibre by 4.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after purchasing an additional 585 shares during the last quarter. Weitz Investment Management Inc. purchased a new stake in shares of MercadoLibre during the 3rd quarter worth about $8,647,000. Achmea Investment Management B.V. lifted its holdings in shares of MercadoLibre by 10.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock valued at $13,921,000 after buying an additional 525 shares during the last quarter. Finally, Barlow Wealth Partners Inc. grew its stake in shares of MercadoLibre by 126.7% in the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after buying an additional 6,429 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the transaction, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,136 shares of company stock worth $2,308,788. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MELI. UBS Group cut their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on shares of MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a report on Monday. Finally, Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,785.33.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,714.01 on Wednesday. MercadoLibre, Inc. has a twelve month low of $1,654.24 and a twelve month high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a market capitalization of $86.90 billion, a PE ratio of 43.50, a P/E/G ratio of 0.88 and a beta of 1.48. The stock has a 50-day simple moving average of $2,037.68 and a 200 day simple moving average of $2,151.13.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The business had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period last year, the business earned $12.61 EPS. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.