Capital International Investors Sells 25,086 Shares of MercadoLibre, Inc. $MELI

Capital International Investors reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 1.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,607,107 shares of the company’s stock after selling 25,086 shares during the period. Capital International Investors’ holdings in MercadoLibre were worth $3,756,443,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have commented on MELI. JPMorgan Chase & Co. lowered their price objective on shares of MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Morgan Stanley reduced their target price on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday. Barclays lowered their price target on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Wedbush dropped their price target on 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. Finally, BTIG Research reduced their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,762.00.

MercadoLibre Trading Down 1.0%

Shares of MELI opened at $1,769.52 on Tuesday. MercadoLibre, Inc. has a twelve month low of $1,654.24 and a twelve month high of $2,645.22. The company has a market cap of $89.71 billion, a P/E ratio of 44.91, a P/E/G ratio of 0.90 and a beta of 1.48. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $2,019.51 and its 200-day simple moving average is $2,135.12.

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

Insider Activity

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the sale, the director owned 257 shares of the company’s stock, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by company insiders.

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.