MercadoLibre, Inc. $MELI Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 26.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 992 shares of the company’s stock after selling 349 shares during the quarter. Inspire Investing LLC’s holdings in MercadoLibre were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Twin Tree Management LP acquired a new position in MercadoLibre during the first quarter worth $29,000. Darwin Wealth Management LLC acquired a new position in MercadoLibre during the second quarter worth about $29,000. Saudi Central Bank purchased a new position in MercadoLibre in the first quarter valued at about $35,000. McIlrath & Eck LLC increased its holdings in MercadoLibre by 375.0% in the first quarter. McIlrath & Eck LLC now owns 19 shares of the company’s stock valued at $37,000 after buying an additional 15 shares in the last quarter. Finally, Highline Wealth Partners LLC lifted its position in shares of MercadoLibre by 366.7% during the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after acquiring an additional 11 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,997.24 on Thursday. The firm has a market cap of $101.26 billion, a price-to-earnings ratio of 48.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. MercadoLibre, Inc. has a 12-month low of $1,693.01 and a 12-month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average is $2,090.19 and its two-hundred day moving average is $2,281.84.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). The business had revenue of $7.41 billion for the quarter, compared to analysts’ expectations of $7.19 billion. MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The business’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the company posted $7.83 earnings per share. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MELI shares. Morgan Stanley upped their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Benchmark decreased their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Susquehanna decreased their price objective on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Citigroup dropped their target price on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,842.94.

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.