O Shaughnessy Asset Management LLC Sells 378 Shares of MercadoLibre, Inc. $MELI

O Shaughnessy Asset Management LLC lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,643 shares of the company’s stock after selling 378 shares during the period. O Shaughnessy Asset Management LLC’s holdings in MercadoLibre were worth $11,366,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in MercadoLibre by 4.9% in the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock valued at $7,012,773,000 after purchasing an additional 164,120 shares during the period. Capital Research Global Investors boosted its holdings in MercadoLibre by 22.5% in the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock valued at $4,481,812,000 after purchasing an additional 408,939 shares during the period. Capital World Investors boosted its holdings in MercadoLibre by 1.3% in the 3rd quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock valued at $4,067,194,000 after purchasing an additional 22,659 shares during the period. Capital International Investors boosted its holdings in MercadoLibre by 7.3% in the 4th quarter. Capital International Investors now owns 1,725,125 shares of the company’s stock valued at $3,474,880,000 after purchasing an additional 118,018 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in MercadoLibre by 9.8% in the 3rd quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock valued at $1,432,565,000 after purchasing an additional 50,893 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,588.29 on Thursday. The company has a 50 day moving average of $1,720.65 and a 200-day moving average of $1,878.24. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. 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 $80.53 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.01 and a beta of 1.36.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.74 earnings per share. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Key MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Some investors are still viewing the recent pullback as an opportunity, pointing to MercadoLibre’s long-term growth potential and the case for watching the stock more closely after the selloff. Missed the AI rally? 3 reasons to watch MercadoLibre closely following its recent pullback
• Neutral Sentiment: MercadoLibre has recently outperformed on some days when the broader market slipped, showing that buyers are still willing to step in despite the broader weakness. MercadoLibre (MELI) Gains As Market Dips: What You Should Know
• Negative Sentiment: Rapid credit card expansion is pressuring Mercado Pago margins, with heavier loan-loss provisioning and expansion into new markets slowing NIMAL recovery. MercadoLibre Expands Credit Cards Rapidly: Is NIMAL Pressure Building?
• Negative Sentiment: Separate coverage says investors should be cautious because operating margins are declining, credit risks are increasing, and the stock’s valuation remains a concern after a sizable one-year decline. 3 Key Reasons Investors May Want to Avoid MercadoLibre Stock Right Now

Wall Street Analyst Weigh In

A number of research firms have issued reports on MELI. Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a report on Friday, May 8th. JPMorgan Chase & Co. cut their price objective on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and cut their price target for the stock from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and cut their price target for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

About MercadoLibre

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.