STF Management LP Decreases Holdings in MercadoLibre, Inc. $MELI

STF Management LP trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 62.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 293 shares of the company’s stock after selling 497 shares during the period. STF Management LP’s holdings in MercadoLibre were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MELI. Weitz Investment Management Inc. purchased a new position in MercadoLibre in the 3rd quarter valued at about $8,647,000. Barlow Wealth Partners Inc. boosted its position in MercadoLibre by 126.7% in the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after buying an additional 6,429 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of MercadoLibre by 14.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock valued at $202,610,000 after buying an additional 10,849 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of MercadoLibre by 18.7% during the 3rd quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock valued at $112,414,000 after buying an additional 7,570 shares during the last quarter. Finally, Donaldson Capital Management LLC boosted its stake in shares of MercadoLibre by 65.0% during the 3rd quarter. Donaldson Capital Management LLC now owns 2,678 shares of the company’s stock valued at $6,258,000 after buying an additional 1,055 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MELI. Scotiabank reduced their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 7th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and reduced their target price for the company from $2,200.00 to $1,950.00 in a research note on Wednesday. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,546.81 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.16. 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 simple moving average is $1,734.98 and its 200-day simple moving average is $1,945.43. The stock has a market capitalization of $78.42 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 0.92 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last announced 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 firm had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the business earned $9.74 earnings per share. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

MercadoLibre 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.