AMS Capital Ltda Sells 1,286 Shares of MercadoLibre, Inc. $MELI

AMS Capital Ltda trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,949 shares of the company's stock after selling 1,286 shares during the period. MercadoLibre comprises about 7.4% of AMS Capital Ltda's holdings, making the stock its 5th biggest position. AMS Capital Ltda's holdings in MercadoLibre were worth $18,931,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC purchased a new stake in MercadoLibre during the fourth quarter worth $26,000. Purpose Unlimited Inc. acquired a new stake in MercadoLibre in the fourth quarter valued at $28,000. Darwin Wealth Management LLC acquired a new stake in MercadoLibre in the second quarter valued at $29,000. Finally, Curio Wealth LLC purchased a new position in shares of MercadoLibre in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MELI shares. Benchmark lowered their price objective on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a "buy" rating on the stock in a research note on Friday, May 8th. Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. BTIG Research reiterated a "buy" rating and issued a $2,150.00 price target on shares of MercadoLibre in a research report on Tuesday, June 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of MercadoLibre in a research note on Thursday, July 2nd. Finally, Morgan Stanley cut their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $2,258.67.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The shares were purchased 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. This trade represents a 12.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,877.95 on Monday. The company's fifty day simple moving average is $1,728.64 and its 200-day simple moving average is $1,802.56. The stock has a market cap of $95.21 billion, a P/E ratio of 49.56, a PEG ratio of 1.16 and a beta of 1.34. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50. 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 (NASDAQ:MELI - Get Free Report) last announced its 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). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business had revenue of $8.85 billion for the quarter, compared to analysts' expectations of $8.29 billion. During the same period in the previous year, the firm posted $9.74 earnings per share. The firm's revenue was up 49.0% compared to the same quarter last year. Equities research analysts predict that MercadoLibre, Inc. will post 41 EPS for the current fiscal 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.

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