Capital Fund Management S.A. Sells 595 Shares of MercadoLibre, Inc. $MELI

Capital Fund Management S.A. lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,721 shares of the company’s stock after selling 595 shares during the period. Capital Fund Management S.A.’s holdings in MercadoLibre were worth $34,402,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth about $206,000. Empowered Funds LLC grew its holdings in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth raised its position in MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new stake in MercadoLibre in the 2nd quarter worth about $261,000. Finally, Savant Capital LLC lifted its stake in MercadoLibre by 23.3% in the second quarter. Savant Capital LLC now owns 408 shares of the company’s stock worth $1,065,000 after purchasing an additional 77 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the sale, the director owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The SEC filing for this sale provides additional information. 0.25% of the stock is currently owned by company insiders.

MercadoLibre Trading Down 1.6%

Shares of NASDAQ MELI opened at $1,742.09 on Wednesday. MercadoLibre, Inc. has a 1-year low of $1,654.24 and a 1-year high of $2,645.22. The business has a fifty day moving average price of $2,013.94 and a 200 day moving average price of $2,130.27. The stock has a market capitalization of $88.32 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. MercadoLibre’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter last year, the firm earned $12.61 EPS. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the subject of several recent analyst reports. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Barclays decreased their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Wedbush dropped their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,762.00.

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.