MercadoLibre, Inc. $MELI Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,308 shares of the company’s stock after selling 1,919 shares during the quarter. MercadoLibre accounts for 0.9% of Trillium Asset Management LLC’s portfolio, making the stock its 24th largest position. Trillium Asset Management LLC’s holdings in MercadoLibre were worth $31,163,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new position in MercadoLibre during the 2nd quarter worth approximately $29,000. Curio Wealth LLC bought a new position in MercadoLibre during the 4th quarter worth approximately $30,000. Holos Integrated Wealth LLC bought a new position in MercadoLibre during the 4th quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in MercadoLibre during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Finally, UBS Group reduced their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

Insider Activity

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the acquisition, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

MercadoLibre Trading Down 1.3%

Shares of NASDAQ MELI opened at $1,589.60 on Friday. The company has a market cap of $80.59 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 0.99 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 company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $1,715.68 and its 200 day simple moving average is $1,873.83.

MercadoLibre (NASDAQ:MELI) last announced its quarterly 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). The company 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 company’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same period last year, the business posted $9.74 EPS. Equities research analysts expect that MercadoLibre, Inc. will post 40.97 EPS 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.