Polen Capital Management LLC Decreases Position in MercadoLibre, Inc. $MELI

Polen Capital Management LLC lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,920 shares of the company’s stock after selling 1,595 shares during the period. MercadoLibre comprises about 0.4% of Polen Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Polen Capital Management LLC’s holdings in MercadoLibre were worth $96,523,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Xponance LLC grew its holdings in shares of MercadoLibre by 1.6% during the 4th quarter. Xponance LLC now owns 2,946 shares of the company’s stock worth $5,934,000 after acquiring an additional 45 shares during the period. Advisory Resource Group lifted its stake in shares of MercadoLibre by 22.2% in the 4th quarter. Advisory Resource Group now owns 726 shares of the company’s stock valued at $1,462,000 after purchasing an additional 132 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of MercadoLibre by 0.6% during the fourth quarter. UniSuper Management Pty Ltd now owns 16,200 shares of the company’s stock valued at $32,631,000 after purchasing an additional 100 shares in the last quarter. ARK Investment Management LLC grew its stake in MercadoLibre by 2.0% in the fourth quarter. ARK Investment Management LLC now owns 26,225 shares of the company’s stock worth $52,824,000 after purchasing an additional 503 shares during the period. Finally, Vestor Capital LLC raised its holdings in MercadoLibre by 4,180.2% in the fourth quarter. Vestor Capital LLC now owns 3,681 shares of the company’s stock worth $7,414,000 after purchasing an additional 3,595 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Insider Activity

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This represents a 12.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of several recent research reports. UBS Group lowered their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Citigroup lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $2,200.00 to $1,950.00 in a research note on Wednesday, May 13th. Barclays decreased their target price 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. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, Benchmark reduced their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,610.00 on Friday. The stock has a market capitalization of $81.62 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 0.98 and a beta of 1.36. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The business’s fifty day moving average price is $1,718.27 and its 200-day moving average price is $1,875.83.

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

MercadoLibre Company 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.