Barlow Wealth Partners LLC Cuts Position in MercadoLibre, Inc. $MELI

Key Points

• Barlow Wealth Partners LLC cut its stake in MercadoLibre by 24.0% in Q4, selling 2,763 shares to end with 8,742 shares worth $19,044,000, representing about 2.1% of the firm's holdings and its 22nd largest position.
• Several analysts have trimmed ratings and price targets on MELI—JPMorgan lowered it to "neutral" and others cut targets—though the consensus remains a “Moderate Buy” with an average price target of $2,708.67.

Barlow Wealth Partners LLC decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 24.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,742 shares of the company's stock after selling 2,763 shares during the quarter. MercadoLibre accounts for about 2.1% of Barlow Wealth Partners LLC's holdings, making the stock its 22nd largest holding. Barlow Wealth Partners LLC's holdings in MercadoLibre were worth $19,044,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Lavaca Capital LLC raised its stake in shares of MercadoLibre by 140,201.3% during the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company's stock worth $2,786,888,000 after buying an additional 1,065,530 shares during the period. Assenagon Asset Management S.A. grew its stake in MercadoLibre by 803.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company's stock valued at $671,665,000 after acquiring an additional 296,543 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in MercadoLibre by 304.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company's stock worth $666,744,000 after acquiring an additional 192,071 shares in the last quarter. Flossbach Von Storch SE raised its position in MercadoLibre by 1,669.4% during the third quarter. Flossbach Von Storch SE now owns 181,719 shares of the company's stock worth $424,666,000 after acquiring an additional 171,449 shares during the period. Finally, Wellington Management Group LLP raised its position in MercadoLibre by 28.4% during the third quarter. Wellington Management Group LLP now owns 493,770 shares of the company's stock worth $1,153,911,000 after acquiring an additional 109,228 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on MELI shares. JPMorgan Chase & Co. lowered shares of MercadoLibre from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Weiss Ratings downgraded shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 8th. Dbs Bank raised shares of MercadoLibre from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 2nd. UBS Group lowered their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Finally, Morgan Stanley cut their price objective on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus price target of $2,708.67.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,599.52 on Monday. The firm has a 50 day simple moving average of $1,901.13 and a 200-day simple moving average of $2,062.78. The stock has a market cap of $81.10 billion, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 1-year low of $1,593.21 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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). The business had revenue of $8.76 billion during 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 company's revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.61 earnings per share. On average, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.

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