Marcho Partners LLP Sells 2,134 Shares of MercadoLibre, Inc. $MELI

Marcho Partners LLP cut its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,635 shares of the company’s stock after selling 2,134 shares during the quarter. MercadoLibre comprises about 20.3% of Marcho Partners LLP’s investment portfolio, making the stock its 2nd largest position. Marcho Partners LLP’s holdings in MercadoLibre were worth $33,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MELI. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth $26,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth $29,000. Curio Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth $30,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth $32,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the 3rd quarter worth $35,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the purchase, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MELI. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research report on Friday, May 8th. Barclays decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research report on Friday, May 8th. Scotiabank decreased their price objective on shares of 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. Finally, Wedbush decreased their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,589.60 on Friday. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $1,715.68 and its 200 day simple moving average is $1,873.83. The firm has a market capitalization of $80.59 billion, a PE ratio of 41.95, a P/E/G ratio of 0.99 and a beta of 1.36.

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