Jefferies Financial Group Inc. Lowers Stock Position in MercadoLibre, Inc. $MELI

Jefferies Financial Group Inc. reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 613 shares of the company’s stock after selling 369 shares during the quarter. Jefferies Financial Group Inc.’s holdings in MercadoLibre were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of MELI. Darwin Wealth Management LLC bought a new stake in MercadoLibre during the second quarter valued at about $29,000. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre in the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. lifted its holdings in MercadoLibre by 100.0% in 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 in the 4th quarter worth approximately $32,000. 87.62% of the stock is currently owned by institutional investors.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lowered their price target for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. BTIG Research lowered their price target on MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Morgan Stanley lowered their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their price objective 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. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Trading Down 0.0%

NASDAQ MELI opened at $1,695.53 on Friday. The company’s 50-day moving average price is $1,719.41 and its 200-day moving average price is $1,903.92. 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 stock has a market cap of $85.96 billion, a PE ratio of 44.75, a PEG ratio of 1.04 and a beta of 1.41. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly 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). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the previous year, the company posted $9.74 EPS. MercadoLibre’s quarterly revenue was up 49.0% compared to the same quarter last year. Equities research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

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.