Galvin Gaustad & Stein LLC Has $393,000 Holdings in MercadoLibre, Inc. $MELI

Key Points

• Galvin Gaustad & Stein LLC cut its stake in MercadoLibre by 96.8% in Q4, selling 5,836 shares and retaining 195 shares valued at $393,000.
• Several large funds (Assenagon, Flossbach Von Storch, Baillie Gifford, Wellington, Dragoneer) materially increased positions, and institutional investors now own about 87.62% of the company.
• MercadoLibre trades with a market cap of $93.32B and a P/E of 46.72; it reported $11.03 EPS on $8.76B revenue last quarter, and analysts' consensus is a Moderate Buy with an average target of $2,695.33.

Galvin Gaustad & Stein LLC lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 96.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195 shares of the company's stock after selling 5,836 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in MercadoLibre were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in MercadoLibre by 803.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company's stock worth $671,665,000 after acquiring an additional 296,543 shares in the last quarter. Flossbach Von Storch SE raised its stake 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 in the last quarter. Baillie Gifford & Co. raised its stake in MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company's stock worth $7,012,773,000 after acquiring an additional 164,120 shares in the last quarter. Wellington Management Group LLP raised its stake 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 in the last quarter. Finally, Dragoneer Investment Group LLC acquired a new position in MercadoLibre during the third quarter worth about $241,591,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,840.66 on Wednesday. The business has a 50 day moving average of $1,803.51 and a 200-day moving average of $2,004.76. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market capitalization of $93.32 billion, a P/E ratio of 46.72, a P/E/G ratio of 0.96 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company had revenue of $8.76 billion during the quarter. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on MELI shares. Wedbush lowered their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Weiss Ratings downgraded MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 8th. Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a research note on Friday, February 6th. UBS Group lowered their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, Jefferies Financial Group raised MercadoLibre from a "hold" rating to a "buy" rating and lowered their target price for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of "Moderate Buy" and an average price target of $2,695.33.

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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