Capital Fund Management S.A. Reduces Stock Holdings in MercadoLibre, Inc. $MELI

Capital Fund Management S.A. reduced its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,721 shares of the company’s stock after selling 595 shares during the quarter. Capital Fund Management S.A.’s holdings in MercadoLibre were worth $34,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highview Capital Management LLC DE purchased a new position in shares of MercadoLibre in the second quarter worth $559,000. Weitz Investment Management Inc. purchased a new stake in shares of MercadoLibre during the third quarter valued at $8,647,000. Barlow Wealth Partners Inc. increased its position in shares of MercadoLibre by 126.7% in the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after acquiring an additional 6,429 shares during the period. Massachusetts Financial Services Co. MA raised its stake in MercadoLibre by 14.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock worth $202,610,000 after acquiring an additional 10,849 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in MercadoLibre by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock worth $112,414,000 after acquiring an additional 7,570 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MELI has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price target on MercadoLibre from $2,800.00 to $2,650.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. UBS Group dropped their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wedbush cut their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,762.00.

Insider Activity

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the transaction, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. The trade was a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.25% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,742.09 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The company has a 50 day moving average price of $2,013.94 and a 200-day moving average price of $2,130.27. MercadoLibre, Inc. has a 1-year low of $1,654.24 and a 1-year high of $2,645.22. The firm has a market cap of $88.32 billion, a price-to-earnings ratio of 44.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (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%.The business’s quarterly revenue was up 44.6% on a year-over-year basis. During the same period last year, the company posted $12.61 earnings per share. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.