MercadoLibre, Inc. $MELI Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP lowered its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,026 shares of the company’s stock after selling 437 shares during the period. RWC Asset Management LLP’s holdings in MercadoLibre were worth $20,195,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MELI. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth $26,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the second quarter valued at $29,000. Curio Wealth LLC purchased a new stake in shares of MercadoLibre during the fourth quarter valued at $30,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,607.80 on Monday. The company has a 50 day simple moving average of $1,720.81 and a 200-day simple moving average of $1,886.65. 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 firm has a market capitalization of $81.52 billion, a price-to-earnings ratio of 42.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.36. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22.

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

Insider Activity

In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the acquisition, the director directly owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MELI has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their price target for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Barclays decreased their price objective 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. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Scotiabank reduced their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

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.