William Blair Investment Management LLC Sells 64,225 Shares of MercadoLibre, Inc. $MELI

William Blair Investment Management LLC decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 165,579 shares of the company’s stock after selling 64,225 shares during the quarter. MercadoLibre makes up 0.9% of William Blair Investment Management LLC’s portfolio, making the stock its 12th biggest holding. William Blair Investment Management LLC owned 0.33% of MercadoLibre worth $333,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre in the fourth quarter worth about $26,000. Darwin Wealth Management LLC purchased a new stake in MercadoLibre in the second quarter worth about $29,000. Holos Integrated Wealth LLC purchased a new stake in MercadoLibre in the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in MercadoLibre in the third quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. increased its position in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.8%

Shares of MELI opened at $1,664.42 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The stock has a market capitalization of $84.39 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22. The business’s 50 day simple moving average is $1,721.55 and its 200-day simple moving average is $1,921.77.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 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 the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.74 earnings per share. As a group, equities analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MELI shares. Barclays reduced their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. BTIG Research reduced their price target on MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Finally, Itau BBA Securities restated 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Company 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.