GW Henssler & Associates Ltd. Trims Stock Position in MercadoLibre, Inc. $MELI

GW Henssler & Associates Ltd. reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,286 shares of the company’s stock after selling 870 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in MercadoLibre were worth $18,705,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Weitz Investment Management Inc. purchased a new stake in shares of MercadoLibre in the 3rd quarter worth about $8,647,000. Principal Financial Group Inc. grew its position in shares of 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 buying an additional 7,570 shares during the period. Penserra Capital Management LLC grew its position in shares of MercadoLibre by 34.5% in the 3rd quarter. Penserra Capital Management LLC now owns 3,014 shares of the company’s stock worth $7,042,000 after buying an additional 773 shares during the period. Integrated Financial Solutions Inc. grew its position in shares of MercadoLibre by 129.7% in the 4th quarter. Integrated Financial Solutions Inc. now owns 2,109 shares of the company’s stock worth $4,248,000 after buying an additional 1,191 shares during the period. Finally, Rathbones Group PLC grew its position in shares of MercadoLibre by 54.4% in the 4th quarter. Rathbones Group PLC now owns 14,989 shares of the company’s stock worth $30,192,000 after buying an additional 5,283 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,730.98 on Tuesday. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company’s 50-day moving average is $1,720.80 and its 200 day moving average is $1,898.53. The company has a market capitalization of $87.76 billion, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $8.29 billion. During the same period last year, the company posted $9.74 earnings per share. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. Sell-side analysts expect that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent research reports. BTIG Research reduced their target price on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. UBS Group reduced their target price 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. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Finally, Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. 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 issued a Sell rating to the company. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

MercadoLibre Company 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.