MercadoLibre, Inc. $MELI Shares Sold by Prudential PLC

Prudential PLC lowered its stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,308 shares of the company’s stock after selling 1,263 shares during the quarter. Prudential PLC’s holdings in MercadoLibre were worth $16,734,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MELI. Bison Wealth LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at about $206,000. Empowered Funds LLC grew its stake in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth grew its stake in shares of MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after buying an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of MercadoLibre in the second quarter valued at about $261,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of MercadoLibre by 21.4% in the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.2%

NASDAQ:MELI opened at $1,634.78 on Friday. The business has a 50 day simple moving average of $1,721.45 and a 200 day simple moving average of $1,889.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The firm has a market capitalization of $82.88 billion, a P/E ratio of 43.15, a P/E/G ratio of 1.01 and a beta of 1.36. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELIGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the firm posted $9.74 EPS. The company’s revenue was up 49.0% compared to the same quarter last year. Equities research analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin purchased 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director owned 5,355 shares of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MELI shares. The Goldman Sachs Group set a $2,100.00 target price on MercadoLibre in a research note on Wednesday, May 13th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a report on Friday, May 8th. Morgan Stanley dropped their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

Get Our Latest Research Report on MercadoLibre

MercadoLibre Company 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.

Further Reading

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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