MercadoLibre, Inc. $MELI Shares Sold by Strs Ohio

Strs Ohio cut its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 15.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,700 shares of the company’s stock after selling 700 shares during the quarter. Strs Ohio’s holdings in MercadoLibre were worth $6,397,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MELI. Laurel Wealth Advisors LLC acquired a new position in MercadoLibre during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $26,000. Purpose Unlimited Inc. bought a new position in shares of MercadoLibre during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the 2nd quarter worth approximately $29,000. Finally, Curio Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $30,000. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the subject of several recent research reports. Citigroup lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and cut their target price for the company from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. BTIG Research reiterated a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research report on Tuesday, June 2nd. Morgan Stanley reduced their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Finally, Barclays decreased their target price on 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 investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Stock Performance

Shares of MELI opened at $1,763.36 on Monday. The company has a 50-day moving average of $1,674.97 and a two-hundred day moving average of $1,831.70. The stock has a market cap of $89.40 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 1.09 and a beta of 1.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $8.23 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 during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the company posted $9.74 EPS. The firm’s revenue was up 49.0% compared to the same quarter last year. On average, equities research analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Insider Activity

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director directly owned 5,355 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

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.