MercadoLibre, Inc. $MELI Position Lessened by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,308 shares of the company’s stock after selling 1,919 shares during the period. MercadoLibre makes up 0.9% of Trillium Asset Management LLC’s holdings, making the stock its 24th largest position. Trillium Asset Management LLC’s holdings in MercadoLibre were worth $31,163,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MELI. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new stake in MercadoLibre during the 2nd quarter valued at $29,000. Curio Wealth LLC bought a new stake in MercadoLibre during the 4th quarter valued at $30,000. Holos Integrated Wealth LLC bought a new stake in MercadoLibre during the 4th quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in MercadoLibre during the 3rd quarter valued at $35,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 1.3%

Shares of MELI stock opened at $1,589.60 on Friday. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22. The stock has a market cap of $80.59 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. The business’s fifty day moving average is $1,715.68 and its 200-day moving average is $1,873.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results 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 firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the business posted $9.74 earnings per share. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. Equities analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on MELI shares. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and cut their target price for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. JPMorgan Chase & Co. cut their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley cut their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Finally, Cantor Fitzgerald lowered their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.