356 MercadoLibre, Inc. $MELI Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC reduced its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,783 shares of the company’s stock after selling 356 shares during the period. Trillium Asset Management LLC’s holdings in MercadoLibre were worth $23,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MELI. Aberdeen Group plc grew its holdings in MercadoLibre by 6,304.8% during the 3rd quarter. Aberdeen Group plc now owns 2,473,606 shares of the company’s stock worth $4,275,702,000 after acquiring an additional 2,434,985 shares during the period. BlackRock Inc. bought a new position in shares of MercadoLibre in the 2nd quarter worth $2,246,015,000. Janus Henderson Group PLC grew its stake in shares of MercadoLibre by 1.7% during the first quarter. Janus Henderson Group PLC now owns 614,238 shares of the company’s stock worth $1,062,019,000 after purchasing an additional 10,142 shares during the period. Linonia Partnership LP grew its stake in shares of MercadoLibre by 325.1% during the second quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock worth $939,994,000 after purchasing an additional 423,527 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $917,123,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

MELI has been the subject of a number of recent analyst reports. Scotiabank dropped their price objective on MercadoLibre from $2,800.00 to $2,300.00 and set a “sector outperform” rating for the company in a report on Thursday, November 5th. Susquehanna raised their target price on MercadoLibre to $2,400.00 and gave the stock a “positive” rating in a report on Tuesday, October 6th. UBS Group reduced their target price on MercadoLibre from $1,750.00 to $1,600.00 and set a “neutral” rating on the stock in a report on Wednesday. Raymond James Financial restated a “strong-buy” rating on shares of MercadoLibre in a research report on Thursday, November 5th. Finally, Cantor Fitzgerald lowered their price target on MercadoLibre from $2,200.00 to $2,000.00 and set an “overweight” rating for the company in a research note on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,170.62.

MercadoLibre Trading Up 1.1%

MELI traded up $16.40 during mid-day trading on Friday, hitting $1,491.49. The stock had a trading volume of 586,085 shares, compared to its average volume of 721,041. The stock’s fifty day simple moving average is $1,760.76 and its 200-day simple moving average is $1,787.78. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.17 and a quick ratio of 1.10. The firm has a market capitalization of $75.62 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.42. MercadoLibre, Inc. has a 1-year low of $1,463.20 and a 1-year high of $2,342.00.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $8.83 earnings per share for the quarter, missing analysts’ consensus estimates of $9.27 by ($0.44). MercadoLibre had a return on equity of 25.15% and a net margin of 4.91%. The firm had revenue of $10.75 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the prior year, the business earned $8.32 earnings per share. The company’s revenue for the quarter was up 45.1% compared to the same quarter last year. As a group, research analysts forecast that MercadoLibre, Inc. will post 37.44 EPS for the current fiscal year.

MercadoLibre Profile

MercadoLibre, Inc. operates an online commerce and financial technology platform focused on Latin America. Founded in Argentina in 1999, the company connects buyers and sellers through its marketplace, where businesses and individuals can list and purchase a wide range of products. The company’s services also include Mercado Pago, which offers digital payment and financial services for transactions on and off its marketplace. MercadoLibre supports commerce with services such as Mercado Envíos, its shipping and logistics platform, and provides advertising tools for merchants and brands.