MercadoLibre, Inc. $MELI Shares Sold by Investment House LLC

Investment House LLC decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,989 shares of the company’s stock after selling 832 shares during the quarter. MercadoLibre accounts for about 1.3% of Investment House LLC’s investment portfolio, making the stock its 18th largest position. Investment House LLC’s holdings in MercadoLibre were worth $28,178,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the 2nd quarter worth approximately $29,000. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares in the last quarter. Finally, Holos Integrated Wealth LLC purchased a new position in MercadoLibre during the 4th quarter worth approximately $32,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MELI. Morgan Stanley lowered their price objective on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research report on Wednesday, May 13th. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Finally, Citigroup cut shares of MercadoLibre from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Stock Up 0.6%

MELI stock opened at $1,594.86 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22. The company has a fifty day simple moving average of $1,727.23 and a 200 day simple moving average of $1,933.17. The firm has a market cap of $80.86 billion, a PE ratio of 42.09, a PEG ratio of 0.98 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the firm posted $9.74 EPS. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. Sell-side analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

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.