Arrowstreet Capital Limited Partnership Sells 173,708 Shares of MercadoLibre, Inc. $MELI

Arrowstreet Capital Limited Partnership trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 46.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,058 shares of the company’s stock after selling 173,708 shares during the period. Arrowstreet Capital Limited Partnership owned 0.39% of MercadoLibre worth $400,954,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in MercadoLibre during the second quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter worth $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter worth $26,000. Curio Wealth LLC bought a new stake in shares of MercadoLibre during the 4th quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of MercadoLibre during the 3rd quarter worth $35,000. Institutional investors own 87.62% of the company’s stock.

Insider Activity

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

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,589.60 on Friday. The company’s fifty day moving average is $1,715.68 and its two-hundred day moving average is $1,873.83. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. 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 $80.59 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 0.98 and a beta of 1.36.

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

Wall Street Analyst Weigh In

MELI has been the subject of several recent analyst reports. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Scotiabank decreased their price objective on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. Morgan Stanley decreased their price objective on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,255.33.

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.