Diversified Trust Co. Trims Position in MercadoLibre, Inc. $MELI

Key Points

• Diversified Trust Co. cut its stake in MercadoLibre by 57.3% in Q4, selling 670 shares and finishing the quarter with 500 shares worth $1,007,000.
• MercadoLibre reported Q4 EPS of $11.03, missing the $11.66 consensus, while revenue of $8.76 billion beat estimates and rose 44.6% year-over-year.
• Analyst sentiment remains broadly positive with a MarketBeat consensus of Moderate Buy and an average price target of $2,708.67, despite several firms trimming targets recently.

Diversified Trust Co. decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 500 shares of the company's stock after selling 670 shares during the period. Diversified Trust Co.'s holdings in MercadoLibre were worth $1,007,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the 2nd quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at approximately $32,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of MercadoLibre during the third quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock worth $37,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,630.99 on Friday. The firm's fifty day simple moving average is $1,910.64 and its 200-day simple moving average is $2,072.11. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market cap of $82.69 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48. MercadoLibre, Inc. has a fifty-two week low of $1,606.21 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.66 by ($0.63). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.45 billion. During the same quarter in the prior year, the business earned $12.61 EPS. The business's revenue for the quarter was up 44.6% compared to the same quarter last year. Analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of analyst reports. UBS Group lowered their price objective on shares of 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 downgraded shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 8th. Barclays reduced their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. Itau BBA Securities reiterated an "outperform" rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald cut their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $2,708.67.

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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