MercadoLibre, Inc. $MELI Shares Sold by Westwind Capital

Westwind Capital cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 8.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,051 shares of the company’s stock after selling 447 shares during the quarter. MercadoLibre accounts for about 2.1% of Westwind Capital’s portfolio, making the stock its 19th biggest position. Westwind Capital’s holdings in MercadoLibre were worth $10,174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bison Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $206,000. Empowered Funds LLC lifted its stake in MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth boosted its holdings in MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in MercadoLibre in the second quarter worth approximately $261,000. Finally, MAI Capital Management grew its position in MercadoLibre by 24.3% in the second quarter. MAI Capital Management now owns 169 shares of the company’s stock worth $443,000 after buying an additional 33 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of recent research reports. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. BTIG Research cut their target price on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a research report on Friday. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Barclays decreased their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Wedbush dropped their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,708.67.

MercadoLibre Trading Up 1.9%

NASDAQ MELI opened at $1,666.08 on Tuesday. The firm’s 50 day moving average price is $1,938.48 and its two-hundred day moving average price is $2,083.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a twelve month low of $1,631.18 and a twelve month high of $2,645.22. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 0.80 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last released its 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). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company earned $12.61 EPS. MercadoLibre’s revenue for the quarter was up 44.6% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.