Triasima Portfolio Management inc. Sells 3,013 Shares of MercadoLibre, Inc. $MELI

Triasima Portfolio Management inc. lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 86.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 457 shares of the company’s stock after selling 3,013 shares during the period. Triasima Portfolio Management inc.’s holdings in MercadoLibre were worth $921,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Ascent Wealth Partners LLC raised its stake in shares of MercadoLibre by 0.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 2,270 shares of the company’s stock valued at $4,572,000 after acquiring an additional 11 shares during the last quarter. FWG Holdings LLC raised its stake in shares of MercadoLibre by 4.4% during the fourth quarter. FWG Holdings LLC now owns 333 shares of the company’s stock valued at $715,000 after acquiring an additional 14 shares during the last quarter. Varma Mutual Pension Insurance Co raised its stake in MercadoLibre by 4.2% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 7,421 shares of the company’s stock worth $14,948,000 after buying an additional 300 shares during the last quarter. PKO Investment Management Joint Stock Co raised its stake in MercadoLibre by 28.0% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 3,200 shares of the company’s stock worth $6,446,000 after buying an additional 700 shares during the last quarter. Finally, Souders Financial Advisors raised its stake in MercadoLibre by 6.9% during the fourth quarter. Souders Financial Advisors now owns 155 shares of the company’s stock worth $312,000 after buying an additional 10 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,850.05 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $93.79 billion, a price-to-earnings ratio of 46.96, a PEG ratio of 0.92 and a beta of 1.41. The firm has a fifty day simple moving average of $1,760.90 and a two-hundred day simple moving average of $1,971.47. MercadoLibre, Inc. has a 12 month low of $1,593.21 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The business had revenue of $8.76 billion during the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. Analysts expect that MercadoLibre, Inc. will post 48.79 EPS for the current fiscal year.

Analyst Ratings Changes

MELI has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $2,400.00 target price on shares of MercadoLibre in a research note on Friday, April 10th. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their target price for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Finally, Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,685.33.

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.