Sanctuary Advisors LLC Has $2.34 Million Stake in MercadoLibre, Inc. $MELI

Key Points

• Sanctuary Advisors trimmed its stake in MercadoLibre by 38.7% in Q4, selling 734 shares and ending the period with 1,163 shares valued at about $2.34 million.
• MercadoLibre shares opened at $1,850.05 (trading up 3.2%), with a market cap of $93.8 billion, a P/E of 46.96, and a 52‑week range of $1,593.21–$2,645.22; institutional investors own roughly 87.6% of the stock.
• Analyst sentiment is a consensus “Moderate Buy” (majority Buy ratings) with an average price target of $2,685.33, though several firms recently cut ratings and price targets.

Sanctuary Advisors LLC trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,163 shares of the company's stock after selling 734 shares during the period. Sanctuary Advisors LLC's holdings in MercadoLibre were worth $2,343,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MELI. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter worth approximately $29,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth approximately $32,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre during the third quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the third quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. lifted its position 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 in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Up 3.2%

Shares of NASDAQ MELI opened at $1,850.05 on Friday. The company's 50 day simple moving average is $1,760.90 and its 200 day simple moving average is $1,972.77. 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 firm has a market capitalization of $93.80 billion, a P/E ratio of 46.96, a P/E/G ratio of 0.92 and a beta of 1.41. MercadoLibre, Inc. has a fifty-two week low of $1,593.21 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $11.03 earnings per share 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%. On average, analysts predict that MercadoLibre, Inc. will post 48.79 EPS for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research reports. Weiss Ratings lowered shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered shares of MercadoLibre from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Morgan Stanley cut their price objective on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating on the stock in a report on Monday, March 9th. Cantor Fitzgerald cut their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. Finally, Wedbush cut their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average price target 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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