MercadoLibre, Inc. $MELI Shares Sold by National Pension Service

National Pension Service trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,535 shares of the company’s stock after selling 11,555 shares during the period. National Pension Service owned approximately 0.22% of MercadoLibre worth $228,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the 4th quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new position in MercadoLibre in the 2nd quarter valued at about $29,000. Holos Integrated Wealth LLC purchased a new position in MercadoLibre in the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre in the 3rd quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. boosted its position in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MELI. JPMorgan Chase & Co. decreased 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 research report on Wednesday, May 13th. Scotiabank decreased their price objective on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and decreased their price objective for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. One equities research 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Activity 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 shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,695.65 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $1,719.52 and its two-hundred day moving average price is $1,902.46. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The stock has a market capitalization of $85.97 billion, a P/E ratio of 44.75, a P/E/G ratio of 1.04 and a beta of 1.41.

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). The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period last year, the firm posted $9.74 EPS. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current 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.