Calamos Advisors LLC Trims Holdings in MercadoLibre, Inc. $MELI

Key Points

• Calamos Advisors cut its stake in MercadoLibre by 94.4% in Q4, selling 6,699 shares and leaving 399 shares valued at $804,000, per its latest 13F filing.
• MercadoLibre reported quarterly EPS of $11.03 on $8.76 billion in revenue; the stock has a market cap of $93.25 billion and a P/E of 46.68.
• Analysts' consensus is a "Moderate Buy" with a $2,685.33 target, although Morgan Stanley, UBS and JPMorgan have recently cut price targets or downgraded the stock.

Calamos Advisors LLC decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 94.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399 shares of the company's stock after selling 6,699 shares during the quarter. Calamos Advisors LLC's holdings in MercadoLibre were worth $804,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MELI. Yousif Capital Management LLC raised its position in MercadoLibre by 3.5% during the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company's stock worth $344,000 after buying an additional 5 shares during the last quarter. Wilkinson Global Asset Management LLC boosted its holdings in shares of MercadoLibre by 2.3% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company's stock valued at $528,000 after acquiring an additional 5 shares during the last quarter. Hardy Reed LLC boosted its holdings in shares of MercadoLibre by 4.0% in the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company's stock valued at $306,000 after acquiring an additional 5 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company's stock worth $44,000 after acquiring an additional 5 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in shares of MercadoLibre by 2.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company's stock worth $605,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

MELI opened at $1,839.28 on Tuesday. The firm has a fifty day moving average price of $1,773.49 and a 200 day moving average price of $1,979.32. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The stock has a market cap of $93.25 billion, a P/E ratio of 46.68, a P/E/G ratio of 0.89 and a beta of 1.49. 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 (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The company had revenue of $8.76 billion for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. Equities research analysts anticipate that MercadoLibre, Inc. will post 50.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Monday, March 9th. UBS Group cut their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Weiss Ratings lowered MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 8th. Itau BBA Securities reissued an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. downgraded MercadoLibre from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $2,650.00 to $2,100.00 in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,685.33.

MercadoLibre Company 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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