O Shaughnessy Asset Management LLC cut its position in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,643 shares of the company’s stock after selling 378 shares during the period. O Shaughnessy Asset Management LLC’s holdings in MercadoLibre were worth $11,366,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MELI. Bison Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth about $206,000. Empowered Funds LLC increased its stake in shares of MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth increased its stake in shares of MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth about $261,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
MercadoLibre Stock Down 3.2%
Shares of MELI opened at $1,588.29 on Thursday. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The firm has a market cap of $80.53 billion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 1.01 and a beta of 1.36. The firm’s 50-day simple moving average is $1,720.65 and its 200 day simple moving average is $1,878.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on MELI shares. Benchmark lowered their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research note on Friday, May 8th. UBS Group decreased their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target on the stock. in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.
Get Our Latest Report on MercadoLibre
Insider Buying and Selling
In related news, Director Alejandro Nicolas Aguzin purchased 600 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the purchase, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.
MercadoLibre News Roundup
Here are the key news stories impacting MercadoLibre this week:
- Positive Sentiment: Some investors are still viewing the recent pullback as an opportunity, pointing to MercadoLibre’s long-term growth potential and the case for watching the stock more closely after the selloff. Missed the AI rally? 3 reasons to watch MercadoLibre closely following its recent pullback
- Neutral Sentiment: MercadoLibre has recently outperformed on some days when the broader market slipped, showing that buyers are still willing to step in despite the broader weakness. MercadoLibre (MELI) Gains As Market Dips: What You Should Know
- Negative Sentiment: Rapid credit card expansion is pressuring Mercado Pago margins, with heavier loan-loss provisioning and expansion into new markets slowing NIMAL recovery. MercadoLibre Expands Credit Cards Rapidly: Is NIMAL Pressure Building?
- Negative Sentiment: Separate coverage says investors should be cautious because operating margins are declining, credit risks are increasing, and the stock’s valuation remains a concern after a sizable one-year decline. 3 Key Reasons Investors May Want to Avoid MercadoLibre Stock Right Now
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.
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