Orion Porfolio Solutions LLC Has $3.18 Million Stock Holdings in MercadoLibre, Inc. $MELI

Orion Porfolio Solutions LLC decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,362 shares of the company’s stock after selling 303 shares during the period. Orion Porfolio Solutions LLC’s holdings in MercadoLibre were worth $3,183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in MercadoLibre during the 2nd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Cullen Frost Bankers Inc. raised its stake in shares of MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after buying an additional 8 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of MercadoLibre by 35.7% during the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after buying an additional 5 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in MercadoLibre in the third quarter valued at approximately $47,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Down 1.0%

MELI opened at $1,769.52 on Tuesday. The firm’s fifty day moving average is $2,019.51 and its two-hundred day moving average is $2,135.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $89.71 billion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.48. MercadoLibre, Inc. has a twelve month low of $1,654.24 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the firm earned $12.61 EPS. MercadoLibre’s quarterly revenue was up 44.6% on a year-over-year basis. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Insider Activity

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent research reports. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Cantor Fitzgerald cut their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. BTIG Research reduced their price target on MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their target price on MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,762.00.

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.