MercadoLibre, Inc. $MELI Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 17.1% during the 4th quarter, Holdings Channel reports. The firm owned 43,526 shares of the company’s stock after selling 9,000 shares during the period. MercadoLibre makes up about 1.3% of Altshuler Shaham Ltd’s holdings, making the stock its 28th biggest position. Altshuler Shaham Ltd’s holdings in MercadoLibre were worth $87,673,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Rothschild Investment LLC lifted its position in shares of MercadoLibre by 35.7% during the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares in the last quarter. Interchange Capital Partners LLC lifted its stake in MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock worth $490,000 after acquiring an additional 5 shares during the last quarter. Cornerstone Select Advisors LLC lifted its stake in MercadoLibre by 2.9% in the fourth quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock worth $355,000 after acquiring an additional 5 shares during the last quarter. Mitchell Capital Management Co. lifted its stake in MercadoLibre by 0.4% in the fourth quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock worth $2,542,000 after acquiring an additional 5 shares during the last quarter. Finally, Strategic Advisors LLC raised its holdings in MercadoLibre by 0.4% during the fourth quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock worth $2,564,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Activity

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI opened at $1,631.82 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market cap of $82.73 billion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.36. The company’s 50 day simple moving average is $1,711.90 and its 200-day simple moving average is $1,864.64. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue was up 49.0% on a year-over-year basis. During the same quarter last year, the business posted $9.74 earnings per share. As a group, equities analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Analysts Set New Price Targets

MELI has been the topic of a number of research analyst reports. Cantor Fitzgerald cut their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. UBS Group cut their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a report on Wednesday, May 13th. Daiwa Securities Group cut shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a report on Friday, May 8th. Finally, Barclays lowered their target price on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,255.33.

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.