Triasima Portfolio Management inc. Sells 3,013 Shares of MercadoLibre, Inc. $MELI

Key Points

• Triasima Portfolio Management cut its position in MercadoLibre by 86.8% in Q4, selling 3,013 shares and retaining 457 shares worth about $921,000 per its latest 13F filing.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $2,685.33 (1 Strong Buy, 15 Buy, 2 Hold, 1 Sell).
• Shares recently opened at $1,850.05, trade below the 200‑day SMA ($1,971.47), and the company has a market cap of about $93.8 billion with a P/E of 46.96.

Triasima Portfolio Management inc. lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 86.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 457 shares of the company's stock after selling 3,013 shares during the period. Triasima Portfolio Management inc.'s holdings in MercadoLibre were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Yousif Capital Management LLC lifted its holdings in shares of MercadoLibre by 3.5% during the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company's stock worth $344,000 after acquiring an additional 5 shares during the period. Wilkinson Global Asset Management LLC lifted its holdings in shares of MercadoLibre by 2.3% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company's stock worth $528,000 after acquiring an additional 5 shares during the period. Hardy Reed LLC lifted its holdings in shares of MercadoLibre by 4.0% during the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company's stock worth $306,000 after acquiring an additional 5 shares during the period. Rothschild Investment LLC lifted its holdings in shares of MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company's stock worth $44,000 after acquiring an additional 5 shares during the period. Finally, Interchange Capital Partners LLC lifted its holdings in shares of MercadoLibre by 2.1% during the 4th quarter. Interchange Capital Partners LLC now owns 243 shares of the company's stock worth $490,000 after acquiring an additional 5 shares during the period. Institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MELI. BTIG Research reaffirmed a "buy" rating and set a $2,400.00 price target on shares of MercadoLibre in a report on Friday, April 10th. Weiss Ratings downgraded shares of MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, January 8th. Itau BBA Securities reissued an "outperform" rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Barclays dropped 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 research note on Monday, April 20th. Finally, Morgan Stanley dropped their price objective on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,685.33.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,850.05 on Monday. The firm has a 50 day simple moving average of $1,760.90 and a 200 day simple moving average of $1,971.47. The company has a market cap of $93.79 billion, a price-to-earnings ratio of 46.96, a PEG ratio of 0.92 and a beta of 1.41. MercadoLibre, Inc. has a one year low of $1,593.21 and a one 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.

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

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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