MercadoLibre, Inc. $MELI Holdings Cut by STF Management LP

STF Management LP lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 62.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 293 shares of the company’s stock after selling 497 shares during the period. STF Management LP’s holdings in MercadoLibre were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. iA Global Asset Management Inc. lifted its holdings in MercadoLibre by 7.4% in the fourth quarter. iA Global Asset Management Inc. now owns 6,302 shares of the company’s stock worth $12,694,000 after acquiring an additional 432 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in MercadoLibre by 2.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 229 shares of the company’s stock worth $461,000 after acquiring an additional 6 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in MercadoLibre by 10.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 160 shares of the company’s stock worth $322,000 after acquiring an additional 15 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in MercadoLibre by 2.0% in the fourth quarter. Dana Investment Advisors Inc. now owns 627 shares of the company’s stock worth $1,263,000 after acquiring an additional 12 shares during the last quarter. Finally, PBCay One RSC Ltd bought a new position in MercadoLibre in the fourth quarter worth about $32,899,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MELI opened at $1,546.81 on Friday. The business’s 50 day moving average is $1,734.98 and its 200-day moving average is $1,945.43. The stock has a market cap of $78.42 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the firm posted $9.74 EPS. The business’s quarterly revenue was up 49.0% on a year-over-year basis. On average, analysts predict that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wedbush cut their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Benchmark cut their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Morgan Stanley cut their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Finally, UBS Group cut their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average 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.