MercadoLibre, Inc. $MELI Stake Lowered by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 14.1% during the 4th quarter, HoldingsChannel reports. The fund owned 16,561 shares of the company’s stock after selling 2,727 shares during the period. MercadoLibre accounts for 2.6% of Motley Fool Wealth Management LLC’s holdings, making the stock its 4th biggest position. Motley Fool Wealth Management LLC’s holdings in MercadoLibre were worth $33,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre during the 2nd quarter valued at $29,000. Laurel Wealth Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at $26,000. Curio Wealth LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of MercadoLibre during the 3rd quarter valued at $35,000. Finally, Holos Integrated Wealth LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at $32,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin purchased 600 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

MercadoLibre Stock Up 1.8%

Shares of MELI stock opened at $1,641.16 on Wednesday. The stock’s 50 day simple moving average is $1,721.27 and its 200 day simple moving average is $1,880.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22. The company has a market capitalization of $83.21 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 0.99 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

MELI has been the topic of several research analyst reports. UBS Group lowered their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price target for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Finally, Scotiabank decreased their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

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.