J. Safra Sarasin Holding AG Sells 7,007 Shares of MercadoLibre, Inc. $MELI

J. Safra Sarasin Holding AG trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 89.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 846 shares of the company’s stock after selling 7,007 shares during the period. J. Safra Sarasin Holding AG’s holdings in MercadoLibre were worth $1,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Procyon Advisors LLC boosted its position in shares of MercadoLibre by 13.3% during the first quarter. Procyon Advisors LLC now owns 1,275 shares of the company’s stock valued at $2,204,000 after buying an additional 150 shares during the last quarter. CAP Partners LLC raised its position in MercadoLibre by 5.2% in the 1st quarter. CAP Partners LLC now owns 405 shares of the company’s stock worth $700,000 after buying an additional 20 shares during the last quarter. Global Assets Advisory LLC purchased a new position in MercadoLibre in the 1st quarter worth about $52,000. Diversify Wealth Management LLC lifted its stake in MercadoLibre by 31.7% during the 1st quarter. Diversify Wealth Management LLC now owns 574 shares of the company’s stock valued at $1,014,000 after acquiring an additional 138 shares during the period. Finally, SFE Investment Counsel bought a new position in MercadoLibre during the 1st quarter valued at about $363,000. Institutional investors own 87.62% of the company’s stock.

Insider Buying and Selling

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Trading Up 0.4%

MercadoLibre stock opened at $1,873.88 on Wednesday. The business has a 50-day simple moving average of $1,678.50 and a two-hundred day simple moving average of $1,824.88. The company has a market cap of $95.01 billion, a P/E ratio of 49.46, a P/E/G ratio of 1.15 and a beta of 1.35. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELIGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.MercadoLibre’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter last year, the company earned $9.74 EPS. Analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target on the stock. in a report on Friday, May 8th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. UBS Group lowered their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Citigroup cut shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $2,150.00 target price on shares of MercadoLibre in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

View Our Latest Analysis on MELI

MercadoLibre Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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