USS Investment Management Ltd Trims Position in MercadoLibre, Inc. $MELI

USS Investment Management Ltd decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 11.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,650 shares of the company’s stock after selling 2,086 shares during the quarter. USS Investment Management Ltd’s holdings in MercadoLibre were worth $31,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Venture Visionary Partners LLC lifted its stake in shares of MercadoLibre by 4.0% during the fourth quarter. Venture Visionary Partners LLC now owns 2,421 shares of the company’s stock valued at $4,877,000 after buying an additional 92 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of MercadoLibre by 9.4% during the fourth quarter. Panagora Asset Management Inc. now owns 33,124 shares of the company’s stock valued at $66,720,000 after buying an additional 2,853 shares during the period. Perryman Financial Advisory Inc. AD purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $931,000. Sargent Investment Group LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $919,000. Finally, MML Investors Services LLC lifted its stake in shares of MercadoLibre by 10.8% during the fourth quarter. MML Investors Services LLC now owns 3,618 shares of the company’s stock valued at $7,287,000 after buying an additional 354 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Activity

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

MELI has been the subject of several research analyst reports. Benchmark dropped their price target on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Citigroup lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Barclays dropped their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

Check Out Our Latest Report on MercadoLibre

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,589.60 on Monday. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company has a 50 day moving average price of $1,715.68 and a 200 day moving average price of $1,872.88. The firm has a market capitalization of $80.59 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 0.98 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:MELIGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the company earned $9.74 EPS. MercadoLibre’s revenue was up 49.0% on a year-over-year basis. Sell-side analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current year.

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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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