Bellecapital International Ltd. Trims Stock Holdings in MercadoLibre, Inc. $MELI

Key Points

• Bellecapital International Ltd. trimmed its stake in MercadoLibre by 19.2%, selling 2,003 shares in Q4 and ending the quarter with 8,449 shares valued at $17,018,000, which represents 3.0% of its portfolio and its 11th-largest holding.
• Analysts are mixed but moderately positive overall: the stock has a consensus rating of "Moderate Buy" with a consensus target of $2,685.33, while recent reports include Jefferies upgrading to buy (target cut to $2,600), JPMorgan cutting to neutral (target $2,100) and Zacks downgrading to strong sell.
• Key fundamentals: MercadoLibre has a market cap of $93.79 billion, a PE of 46.96, reported $11.03 EPS on $8.76 billion revenue for the quarter, and is 87.62% owned by institutional investors.

Bellecapital International Ltd. decreased its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,449 shares of the company's stock after selling 2,003 shares during the quarter. MercadoLibre makes up 3.0% of Bellecapital International Ltd.'s portfolio, making the stock its 11th biggest holding. Bellecapital International Ltd.'s holdings in MercadoLibre were worth $17,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Weitz Investment Management Inc. purchased a new stake in shares of MercadoLibre during the third quarter worth about $8,647,000. Barlow Wealth Partners Inc. grew its position in shares of MercadoLibre by 126.7% during the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company's stock worth $26,886,000 after purchasing an additional 6,429 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of MercadoLibre by 14.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company's stock worth $202,610,000 after purchasing an additional 10,849 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of MercadoLibre by 18.7% during the third quarter. Principal Financial Group Inc. now owns 48,103 shares of the company's stock worth $112,414,000 after purchasing an additional 7,570 shares in the last quarter. Finally, Donaldson Capital Management LLC grew its position in shares of MercadoLibre by 65.0% during the third quarter. Donaldson Capital Management LLC now owns 2,678 shares of the company's stock worth $6,258,000 after purchasing an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MELI. Jefferies Financial Group upgraded MercadoLibre from a "hold" rating to a "buy" rating and cut their target price for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. JPMorgan Chase & Co. cut MercadoLibre from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Itau BBA Securities reiterated an "outperform" rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Zacks Research cut MercadoLibre from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley cut their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $2,685.33.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,850.05 on Monday. The stock has a market capitalization of $93.79 billion, a PE ratio of 46.96, a P/E/G ratio of 0.92 and a beta of 1.41. The business has a 50 day simple moving average of $1,760.90 and a two-hundred day simple moving average of $1,971.47. 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 results on Saturday, February 14th. The company reported $11.03 earnings per share for the quarter. The business had revenue of $8.76 billion during the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. On average, research analysts predict that MercadoLibre, Inc. will post 48.79 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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