MercadoLibre, Inc. $MELI Shares Sold by Evolutionary Tree Capital Management LLC

Evolutionary Tree Capital Management LLC lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 47.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 698 shares of the company’s stock after selling 634 shares during the quarter. MercadoLibre comprises about 2.3% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Evolutionary Tree Capital Management LLC’s holdings in MercadoLibre were worth $1,207,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. GKV Capital Management Co. Inc. acquired a new stake in shares of MercadoLibre during the first quarter valued at $664,000. 7G Capital Management LLC raised its stake in MercadoLibre by 736.0% in the 1st quarter. 7G Capital Management LLC now owns 4,180 shares of the company’s stock valued at $7,227,000 after purchasing an additional 3,680 shares during the last quarter. Essential Partners LLC raised its stake in MercadoLibre by 477.8% in the 1st quarter. Essential Partners LLC now owns 52 shares of the company’s stock valued at $90,000 after purchasing an additional 43 shares during the last quarter. Groupe la Francaise lifted its holdings in MercadoLibre by 5.1% in the 1st quarter. Groupe la Francaise now owns 16,305 shares of the company’s stock valued at $28,062,000 after purchasing an additional 784 shares in the last quarter. Finally, Liontrust Investment Partners LLP lifted its holdings in MercadoLibre by 26.1% in the 1st quarter. Liontrust Investment Partners LLP now owns 13,836 shares of the company’s stock valued at $23,923,000 after purchasing an additional 2,862 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MELI shares. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a report on Wednesday, May 13th. UBS Group reduced their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Citigroup lifted their target price on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, Scotiabank cut their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,258.67.

Insider Transactions at MercadoLibre

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

MercadoLibre Stock Down 0.4%

Shares of NASDAQ MELI opened at $1,877.95 on Friday. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. The firm has a fifty day moving average of $1,728.64 and a 200-day moving average of $1,804.99. The stock has a market capitalization of $95.21 billion, a PE ratio of 49.56, a P/E/G ratio of 1.16 and a beta of 1.35. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period last year, the business posted $9.74 earnings per share. On average, analysts anticipate that MercadoLibre, Inc. will post 41 EPS for the current 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.