MercadoLibre, Inc. $MELI Stake Lowered by Westwind Capital

Westwind Capital decreased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,051 shares of the company’s stock after selling 447 shares during the period. MercadoLibre accounts for 2.1% of Westwind Capital’s portfolio, making the stock its 19th largest position. Westwind Capital’s holdings in MercadoLibre were worth $10,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MELI. Bison Wealth LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at $206,000. Empowered Funds LLC increased its holdings in shares of MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares during the period. Focus Partners Wealth lifted its position in MercadoLibre by 42.0% in 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 during the last quarter. Sivia Capital Partners LLC bought a new stake in MercadoLibre in the 2nd quarter valued at about $261,000. Finally, MAI Capital Management boosted its stake in MercadoLibre by 24.3% during the 2nd quarter. MAI Capital Management now owns 169 shares of the company’s stock valued at $443,000 after purchasing an additional 33 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Up 1.9%

Shares of NASDAQ:MELI opened at $1,666.08 on Tuesday. The company has a 50 day moving average of $1,938.48 and a 200-day moving average of $2,083.94. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The firm has a market cap of $84.47 billion, a P/E ratio of 42.29, a P/E/G ratio of 0.80 and a beta of 1.48. MercadoLibre, Inc. has a twelve month low of $1,631.18 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 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 company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre’s revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.61 EPS. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Barclays decreased their price objective on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Wedbush reduced their price target on 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. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,708.67.

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.