MercadoLibre, Inc. $MELI Shares Sold by Matthew 25 Management Corp

Matthew 25 Management Corp cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 41.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,625 shares of the company's stock after selling 5,375 shares during the period. MercadoLibre comprises approximately 4.7% of Matthew 25 Management Corp's investment portfolio, making the stock its 8th biggest holding. Matthew 25 Management Corp's holdings in MercadoLibre were worth $15,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Weitz Investment Management Inc. acquired a new position in MercadoLibre during the third quarter valued at $8,647,000. Barlow Wealth Partners Inc. lifted its position in MercadoLibre by 126.7% during the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company's stock valued at $26,886,000 after purchasing an additional 6,429 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in MercadoLibre by 14.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company's stock valued at $202,610,000 after buying an additional 10,849 shares in the last quarter. Principal Financial Group Inc. increased its holdings in MercadoLibre by 18.7% in the third quarter. Principal Financial Group Inc. now owns 48,103 shares of the company's stock valued at $112,414,000 after buying an additional 7,570 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in MercadoLibre by 5.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,560 shares of the company's stock valued at $27,015,000 after buying an additional 600 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on MELI shares. Itau BBA Securities reaffirmed an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Barclays cut their price objective on shares of MercadoLibre from $2,600.00 to $2,500.00 and set an "overweight" rating for the company in a report on Monday, April 20th. Cantor Fitzgerald cut their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an "overweight" rating for the company in a report on Tuesday, April 21st. Zacks Research cut shares of MercadoLibre from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, January 8th. One 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,685.33.

MercadoLibre Stock Up 0.3%

Shares of NASDAQ MELI opened at $1,818.23 on Wednesday. The company's 50-day simple moving average is $1,757.32 and its 200-day simple moving average is $1,969.85. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22. The firm has a market cap of $92.18 billion, a price-to-earnings ratio of 46.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.41. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The business had revenue of $8.76 billion for the quarter. Equities analysts predict that MercadoLibre, Inc. will post 48.79 EPS for the current fiscal 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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