Capital International Investors Sells 25,086 Shares of MercadoLibre, Inc. $MELI

Capital International Investors reduced its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,607,107 shares of the company’s stock after selling 25,086 shares during the period. Capital International Investors owned about 3.17% of MercadoLibre worth $3,756,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MELI. Darwin Wealth Management LLC bought a new position in MercadoLibre in the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. bought a new stake in MercadoLibre during the third quarter valued at about $35,000. Cullen Frost Bankers Inc. grew its holdings in MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the period. Rothschild Investment LLC increased its position in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after buying an additional 5 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in shares of MercadoLibre in the third quarter worth about $47,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Activity at MercadoLibre

In other news, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of analyst reports. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Barclays decreased their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Finally, BTIG Research decreased their price objective on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,762.00.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,769.52 on Tuesday. The stock has a 50-day moving average price of $2,019.51 and a 200 day moving average price of $2,135.12. The stock has a market capitalization of $89.71 billion, a P/E ratio of 44.91, a P/E/G ratio of 0.90 and a beta of 1.48. MercadoLibre, Inc. has a 12-month low of $1,654.24 and a 12-month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

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