William Blair Investment Management LLC Sells 64,225 Shares of MercadoLibre, Inc. $MELI

William Blair Investment Management LLC reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 27.9% in the fourth quarter, Holdings Channel reports. The fund owned 165,579 shares of the company’s stock after selling 64,225 shares during the quarter. MercadoLibre makes up about 0.9% of William Blair Investment Management LLC’s portfolio, making the stock its 12th biggest position. William Blair Investment Management LLC’s holdings in MercadoLibre were worth $333,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of MercadoLibre by 4.9% in the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after purchasing an additional 164,120 shares during the period. Capital Research Global Investors boosted its holdings in shares of MercadoLibre by 3.4% in the 3rd quarter. Capital Research Global Investors now owns 1,816,092 shares of the company’s stock worth $4,244,604,000 after purchasing an additional 59,838 shares during the period. Capital World Investors boosted its holdings in shares of MercadoLibre by 1.3% in the 3rd quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock worth $4,067,194,000 after purchasing an additional 22,659 shares during the period. Schroder Investment Management Group boosted its holdings in shares of MercadoLibre by 9.8% in the 3rd quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock worth $1,432,565,000 after purchasing an additional 50,893 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of MercadoLibre by 0.4% in the 3rd quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock worth $1,244,447,000 after purchasing an additional 1,833 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

Shares of MELI stock opened at $1,664.42 on Friday. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market capitalization of $84.39 billion, a P/E ratio of 43.93, a P/E/G ratio of 1.03 and a beta of 1.41. The stock has a 50 day moving average price of $1,721.55 and a 200 day moving average price of $1,921.77.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MELI shares. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. UBS Group dropped their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a report on Friday, May 8th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Finally, Scotiabank dropped 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 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 assigned a Sell rating to the company. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre 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.