MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by American International Group Inc.

Posted by on Jun 6th, 2023

American International Group Inc. decreased its position in MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) by 12.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,703 shares of the company’s stock after selling 387 shares during the period. American International Group Inc.’s holdings in MercadoLibre were worth $2,287,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MELI. Amalgamated Bank grew its holdings in MercadoLibre by 93.8% in the third quarter. Amalgamated Bank now owns 31 shares of the company’s stock valued at $26,000 after purchasing an additional 15 shares during the last quarter. Huntington National Bank lifted its position in shares of MercadoLibre by 45.8% in the third quarter. Huntington National Bank now owns 35 shares of the company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Atlas Capital Advisors LLC lifted its position in shares of MercadoLibre by 414.3% in the third quarter. Atlas Capital Advisors LLC now owns 36 shares of the company’s stock valued at $30,000 after acquiring an additional 29 shares in the last quarter. CVA Family Office LLC lifted its position in shares of MercadoLibre by 3,600.0% in the third quarter. CVA Family Office LLC now owns 37 shares of the company’s stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,289.49 on Tuesday. The stock’s 50-day moving average is $1,275.94 and its 200-day moving average is $1,127.58. The company has a market cap of $64.75 billion, a price-to-earnings ratio of 105.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.28 and a quick ratio of 1.26. MercadoLibre, Inc. has a 12 month low of $600.68 and a 12 month high of $1,365.64.

MercadoLibre (NASDAQ:MELI – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.93. MercadoLibre had a return on equity of 34.92% and a net margin of 5.46%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period last year, the business posted $1.30 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre, Inc. will post 16.68 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on MELI shares. Barclays upped their price objective on MercadoLibre from $1,525.00 to $1,575.00 in a research report on Thursday, May 4th. TheStreet upgraded MercadoLibre from a “c” rating to a “b-” rating in a research report on Wednesday, February 15th. BTIG Research increased their target price on MercadoLibre from $1,400.00 to $1,600.00 in a research report on Thursday, May 4th. JPMorgan Chase & Co. increased their target price on MercadoLibre from $1,600.00 to $1,700.00 in a research report on Monday, May 8th. Finally, Citigroup increased their target price on MercadoLibre from $1,100.00 to $1,460.00 in a research report on Friday, March 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,480.50.

MercadoLibre Profile

(Get Rating)

MercadoLibre, Inc engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America.

Recommended Stories

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.