Nkcfo LLC Has $201,000 Stock Holdings in MercadoLibre, Inc. $MELI

Key Points

• Nkcfo LLC cut its stake in MercadoLibre by 89.4% in Q4, selling 843 shares and leaving it with 100 shares valued at about $201,000, while institutional investors now own roughly 87.6% of the stock.
• Several Wall Street analysts have trimmed price targets and ratings for MELI—yet the consensus remains a "Moderate Buy" with a consensus price target of $2,685.33.
• MercadoLibre reported $11.03 EPS and $8.76 billion in quarterly revenue, has a market cap of about $90.88 billion, and trades in a 52-week range of roughly $1,593 to $2,645.22.

Nkcfo LLC cut its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 89.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100 shares of the company's stock after selling 843 shares during the period. Nkcfo LLC's holdings in MercadoLibre were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $29,000. Laurel Wealth Advisors LLC bought a new position in MercadoLibre in the fourth quarter valued at $26,000. Steigerwald Gordon & Koch Inc. bought a new position in MercadoLibre in the third quarter valued at $35,000. Caitong International Asset Management Co. Ltd bought a new position in MercadoLibre in the third quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock valued at $37,000 after purchasing an additional 8 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MELI shares. 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. JPMorgan Chase & Co. downgraded shares of MercadoLibre from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Cantor Fitzgerald decreased 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 research report on Tuesday, April 21st. Zacks Research downgraded shares of MercadoLibre from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 22nd. Finally, UBS Group decreased their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating for the company in a research report on Friday, February 27th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,685.33.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,792.63 on Friday. The company has a market capitalization of $90.88 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 0.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The company has a 50-day simple moving average of $1,760.90 and a 200 day simple moving average of $1,974.18. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The business had revenue of $8.76 billion during the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. On average, sell-side analysts predict that MercadoLibre, Inc. will post 50.05 earnings per share for the current 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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