MercadoLibre, Inc. $MELI Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 66.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 144 shares of the company’s stock after selling 291 shares during the quarter. Personal CFO Solutions LLC’s holdings in MercadoLibre were worth $249,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC acquired a new stake in MercadoLibre in the 4th quarter worth approximately $206,000. Empowered Funds LLC increased its stake in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares in the last quarter. Focus Partners Wealth increased its stake in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of MercadoLibre in the second quarter worth $261,000. Finally, Gamco Investors INC. ET AL raised its holdings 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 worth $444,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. reduced their target price on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Tuesday, June 2nd. Morgan Stanley lowered their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Price Performance

Shares of MercadoLibre stock traded up $44.39 during trading hours on Friday, reaching $1,852.22. The stock had a trading volume of 406,269 shares, compared to its average volume of 405,449. The stock’s 50 day moving average is $1,675.89 and its 200 day moving average is $1,827.82. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,548.50. The firm has a market capitalization of $93.91 billion, a PE ratio of 48.88, a PEG ratio of 1.14 and a beta of 1.35.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. 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 business earned $9.74 earnings per share. MercadoLibre’s revenue was up 49.0% on a year-over-year basis. Equities analysts expect that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

About MercadoLibre

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.