MercadoLibre, Inc. $MELI Shares Sold by Cercano Management LLC

Cercano Management LLC reduced its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 96.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 199 shares of the company’s stock after selling 5,063 shares during the quarter. Cercano Management LLC’s holdings in MercadoLibre were worth $401,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MELI. Laurel Wealth Advisors LLC acquired a new position in MercadoLibre in the fourth quarter valued at $26,000. Darwin Wealth Management LLC acquired a new position in MercadoLibre in the second quarter valued at $29,000. Holos Integrated Wealth LLC acquired a new position in MercadoLibre in the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd acquired a new position in MercadoLibre in the third quarter valued at $35,000. Finally, Strengthening Families & Communities LLC acquired a new position in MercadoLibre in the fourth quarter valued at $38,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin bought 600 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

MercadoLibre Price Performance

MELI stock opened at $1,730.98 on Tuesday. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22. The stock has a 50-day moving average price of $1,720.80 and a two-hundred day moving average price of $1,898.53. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The company has a market cap of $87.76 billion, a PE ratio of 45.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last issued 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 return on equity of 29.58% and a net margin of 6.04%.The company had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the previous year, the company earned $9.74 EPS. MercadoLibre’s quarterly revenue was up 49.0% on a year-over-year basis. As a group, research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Analyst Ratings Changes

MELI has been the subject of several analyst reports. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a research note on Friday, May 8th. Cantor Fitzgerald lowered 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. BTIG Research lowered 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. Finally, Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

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.