Fieldview Capital Management LLC Sells 412 Shares of MercadoLibre, Inc. $MELI

Fieldview Capital Management LLC trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,670 shares of the company’s stock after selling 412 shares during the period. Fieldview Capital Management LLC’s holdings in MercadoLibre were worth $3,903,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Schroder Investment Management Group increased its position in shares of MercadoLibre by 9.8% during the 3rd quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock valued at $1,432,565,000 after purchasing an additional 50,893 shares during the last quarter. Inceptionr LLC boosted its holdings in shares of MercadoLibre by 246.5% in the third quarter. Inceptionr LLC now owns 343 shares of the company’s stock worth $802,000 after buying an additional 244 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of MercadoLibre by 31.8% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 340 shares of the company’s stock worth $795,000 after buying an additional 82 shares during the last quarter. Private Advisor Group LLC grew its position in MercadoLibre by 13.6% during the third quarter. Private Advisor Group LLC now owns 2,901 shares of the company’s stock valued at $6,780,000 after buying an additional 347 shares during the period. Finally, Diversify Advisory Services LLC increased its holdings in MercadoLibre by 16.5% during the third quarter. Diversify Advisory Services LLC now owns 529 shares of the company’s stock valued at $1,225,000 after buying an additional 75 shares during 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 stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,136 shares of company stock valued at $2,308,788 over the last 90 days. Company insiders own 0.25% of the company’s stock.

MercadoLibre Stock Up 0.4%

Shares of MELI stock opened at $1,787.86 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a one year low of $1,654.24 and a one year high of $2,645.22. The company’s fifty day moving average price is $2,024.42 and its 200-day moving average price is $2,139.12. The company has a market capitalization of $90.64 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 0.90 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same period in the prior year, the company posted $12.61 EPS. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MELI shares. UBS Group decreased their price target 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. Cantor Fitzgerald reduced their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. reduced their price target on MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, BTIG Research lowered their price objective on MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,785.33.

MercadoLibre Company 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.