OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,070 Shares of MercadoLibre, Inc. $MELI

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 61.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,500 shares of the company’s stock after selling 4,070 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MercadoLibre were worth $5,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the 2nd quarter valued at approximately $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at approximately $26,000. Curio Wealth LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of MercadoLibre in the third quarter valued at $35,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Price Performance

Shares of MELI opened at $1,635.15 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $1,706.94 and a 200 day moving average of $1,859.91. The company has a market cap of $82.90 billion, a PE ratio of 43.16, a P/E/G ratio of 1.01 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 posted 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). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the firm earned $9.74 EPS. The company’s revenue was up 49.0% on a year-over-year basis. On average, sell-side analysts expect that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MELI shares. BTIG Research restated a “buy” rating and issued a $2,150.00 price target on shares of MercadoLibre in a research report on Tuesday, June 2nd. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday, May 8th. Barclays dropped 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. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, Scotiabank decreased their target price on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Activity at MercadoLibre

In other 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 cost of $1,655.93 per share, with a total value of $993,558.00. Following the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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.