Aristides Capital LLC Sells 498 Shares of MercadoLibre, Inc. $MELI

Aristides Capital LLC reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 47.9% in the fourth quarter, Holdings Channel reports. The firm owned 542 shares of the company’s stock after selling 498 shares during the quarter. Aristides Capital LLC’s holdings in MercadoLibre were worth $1,092,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MELI. Banque Transatlantique SA raised its stake in shares of MercadoLibre by 1,355.6% in the fourth quarter. Banque Transatlantique SA now owns 655 shares of the company’s stock worth $1,319,000 after purchasing an additional 610 shares during the last quarter. MidFirst Bank purchased a new stake in shares of MercadoLibre during the fourth quarter valued at $1,213,000. Ketron Financial purchased a new stake in shares of MercadoLibre during the fourth quarter valued at $610,000. Pacer Advisors Inc. increased its holdings in MercadoLibre by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,725 shares of the company’s stock worth $7,503,000 after buying an additional 83 shares in the last quarter. Finally, MV Capital Management Inc. bought a new stake in MercadoLibre in the 4th quarter worth about $143,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MELI has been the topic of several research analyst reports. Morgan Stanley lowered their target price on shares of 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. UBS Group reduced their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. 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. JPMorgan Chase & Co. lowered their price objective on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Barclays dropped 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 report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Activity

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought 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 of the company’s stock, valued at $8,867,505.15. This 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 Trading Up 0.2%

Shares of NASDAQ:MELI opened at $1,635.15 on Friday. The stock has a market capitalization of $82.90 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The stock’s 50-day simple moving average is $1,709.76 and its two-hundred day simple moving average is $1,861.50. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released 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 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 the consensus estimate of $8.29 billion. During the same quarter in the prior year, the firm earned $9.74 earnings per share. The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. Analysts expect that MercadoLibre, Inc. will post 40.97 EPS 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.