DE Burlo Group Inc. Sells 820 Shares of MercadoLibre, Inc. $MELI

DE Burlo Group Inc. lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,340 shares of the company’s stock after selling 820 shares during the period. MercadoLibre makes up 2.0% of DE Burlo Group Inc.’s investment portfolio, making the stock its 19th biggest holding. DE Burlo Group Inc.’s holdings in MercadoLibre were worth $16,799,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Destination Wealth Management bought a new position in MercadoLibre during the fourth quarter valued at about $1,805,000. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of MercadoLibre by 474.3% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 4,250 shares of the company’s stock worth $8,561,000 after acquiring an additional 3,510 shares during the period. Entropy Technologies LP acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $9,523,000. Eschler Asset Management LLP grew its holdings in shares of MercadoLibre by 131.8% during the 4th quarter. Eschler Asset Management LLP now owns 364 shares of the company’s stock worth $733,000 after purchasing an additional 207 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of MercadoLibre by 2,494.9% during the fourth quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock valued at $30,943,000 after purchasing an additional 14,770 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Down 1.3%

Shares of NASDAQ:MELI 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 debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The company’s fifty day moving average is $1,715.68 and its 200-day moving average is $1,873.83. The company has a market capitalization of $80.59 billion, a PE ratio of 41.95, a P/E/G ratio of 0.98 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 (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter last year, the business earned $9.74 EPS. Equities research analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley reduced their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. BTIG Research restated a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research note on Tuesday, June 2nd. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. UBS Group lowered their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

Insider Activity

In other news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s 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 purchase, the director owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.