MercadoLibre, Inc. $MELI Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,008 shares of the company’s stock after selling 2,708 shares during the period. Rockefeller Capital Management L.P.’s holdings in MercadoLibre were worth $54,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the 2nd quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter valued at about $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of MercadoLibre in the fourth quarter worth about $26,000. Curio Wealth LLC purchased a new position in shares of MercadoLibre in the fourth quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre during the third quarter worth about $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction on 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 acquisition, the director 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,635.15 on Friday. The stock has a market capitalization of $82.90 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.01 and a beta of 1.36. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The firm’s 50 day simple moving average is $1,706.94 and its 200-day simple moving average is $1,859.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MELI. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research report on Wednesday, May 13th. Barclays decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. UBS Group dropped their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Benchmark cut their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.