Personal CFO Solutions LLC Reduces Position in MercadoLibre, Inc. $MELI

Personal CFO Solutions LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 66.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144 shares of the company’s stock after selling 291 shares during the period. Personal CFO Solutions LLC’s holdings in MercadoLibre were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. Brown Advisory Inc. lifted its holdings in MercadoLibre by 2,494.9% during the 4th quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock valued at $30,943,000 after buying an additional 14,770 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in MercadoLibre by 238.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after acquiring an additional 1,430 shares in the last quarter. TIAA Trust National Association increased its position in shares of MercadoLibre by 10.9% during the fourth quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock worth $22,179,000 after acquiring an additional 1,083 shares during the period. Deepwater Asset Management LLC increased its position in shares of MercadoLibre by 38.6% during the fourth quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock worth $15,641,000 after acquiring an additional 2,164 shares during the period. Finally, Employees Retirement System of Texas increased its position in shares of MercadoLibre by 18.2% during the fourth quarter. Employees Retirement System of Texas now owns 40,184 shares of the company’s stock worth $80,941,000 after acquiring an additional 6,200 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the stock in a transaction 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 purchase, the director directly owned 5,355 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by insiders.

MercadoLibre Stock Up 2.5%

Shares of MELI stock traded up $44.39 during mid-day trading on Friday, hitting $1,852.22. 406,269 shares of the stock traded hands, compared to its average volume of 405,449. The stock has a market cap of $93.91 billion, a P/E ratio of 48.88, a P/E/G ratio of 1.14 and a beta of 1.35. The stock’s fifty day moving average is $1,675.89 and its two-hundred day moving average is $1,827.82. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. 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 (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share 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 during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the prior year, the business posted $9.74 earnings per share. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. Equities analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of research reports. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a report on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a research report on Tuesday, June 2nd. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Finally, Scotiabank dropped their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.