OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,070 Shares of MercadoLibre, Inc. $MELI

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 61.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the company’s stock after selling 4,070 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MercadoLibre were worth $5,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in MercadoLibre in the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC bought a new position in MercadoLibre in the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new position in MercadoLibre in the 2nd quarter valued at approximately $29,000. Curio Wealth LLC bought a new position in MercadoLibre in the 4th quarter valued at approximately $30,000. Finally, Holos Integrated Wealth LLC bought a new position in MercadoLibre in the 4th quarter valued at approximately $32,000. 87.62% of the stock is owned by institutional investors.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin purchased 600 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the purchase, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This represents a 12.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

MELI has been the topic of several research analyst reports. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a report on Friday, May 8th. Wedbush lowered their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and lowered their price target for the company from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. 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 report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Trading Up 3.6%

NASDAQ:MELI opened at $1,646.36 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a market capitalization of $83.47 billion, a price-to-earnings ratio of 43.45, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The business has a fifty day moving average price of $1,714.30 and a 200-day moving average price of $1,870.00.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion during 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 company’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter last year, the company earned $9.74 earnings per share. Sell-side analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current 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.