MercadoLibre, Inc. $MELI Shares Sold by Sands Capital Management LLC

Sands Capital Management LLC reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 509,845 shares of the company’s stock after selling 3,687 shares during the quarter. MercadoLibre comprises about 3.3% of Sands Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Sands Capital Management LLC owned 1.01% of MercadoLibre worth $1,191,477,000 at the end of the most recent reporting period.

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 stake in MercadoLibre during the second quarter worth about $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. grew its holdings in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares during the period. Rothschild Investment LLC grew its holdings in shares of MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in MercadoLibre during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Buying and Selling at MercadoLibre

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the transaction, the director owned 257 shares in the company, valued at $521,034.09. This represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research reports. UBS Group cut their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wedbush dropped their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. BTIG Research cut their target price on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Finally, Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,762.00.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $1,742.09 on Wednesday. The company has a market cap of $88.32 billion, a P/E ratio of 44.22, a PEG ratio of 0.89 and a beta of 1.48. MercadoLibre, Inc. has a one year low of $1,654.24 and a one year high of $2,645.22. The business’s 50-day simple moving average is $2,013.94 and its 200 day simple moving average is $2,130.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data 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). The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm’s revenue was up 44.6% compared to the same quarter last year. During the same period last year, the business earned $12.61 EPS. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.