Triglav Investments D.O.O. Sells 290 Shares of MercadoLibre, Inc. $MELI

Triglav Investments D.O.O. lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 40.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425 shares of the company’s stock after selling 290 shares during the period. Triglav Investments D.O.O.’s holdings in MercadoLibre were worth $735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MercadoLibre during the 4th quarter valued at about $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre during the 4th quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter valued at about $29,000. Finally, Curio Wealth LLC bought a new stake in MercadoLibre in the fourth quarter valued at about $30,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,852.22 on Monday. The business’s fifty day moving average is $1,675.89 and its two-hundred day moving average is $1,826.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market cap of $93.90 billion, a P/E ratio of 48.88, a P/E/G ratio of 1.14 and a beta of 1.35. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.74 earnings per share. Equities research analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Activity at MercadoLibre

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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. Benchmark decreased their price objective on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Cantor Fitzgerald dropped their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Finally, Barclays cut their target price on 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 equities research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

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.