WINTON GROUP Ltd Lowers Position in MercadoLibre, Inc. $MELI

WINTON GROUP Ltd trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 60.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553 shares of the company’s stock after selling 856 shares during the period. WINTON GROUP Ltd’s holdings in MercadoLibre were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MELI. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in MercadoLibre during the third quarter worth $35,000. Cullen Frost Bankers Inc. boosted its position in MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares in the last quarter. Rothschild Investment LLC boosted its position in MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of MercadoLibre in the 3rd quarter valued at $47,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of a number of analyst reports. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley cut their target price on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Monday. BTIG Research reduced their target price on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Wedbush decreased their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, Cantor Fitzgerald lowered their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,762.00.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,766.10 on Thursday. MercadoLibre, Inc. has a fifty-two week low of $1,654.24 and a fifty-two week high of $2,645.22. The company has a market cap of $89.54 billion, a PE ratio of 44.82, a P/E/G ratio of 0.93 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The business has a 50-day simple moving average of $2,008.97 and a two-hundred day simple moving average of $2,127.73.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business’s revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the company earned $12.61 EPS. As a group, equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.