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

by · The Cerbat Gem

Sanctuary Advisors LLC cut its position in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

Several other hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC raised its holdings in MercadoLibre by 3.5% in the third quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock worth $344,000 after purchasing an additional 5 shares during the period. Wilkinson Global Asset Management LLC raised its holdings in MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after purchasing an additional 5 shares during the period. Hardy Reed LLC raised its holdings in MercadoLibre by 4.0% in the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock worth $306,000 after purchasing an additional 5 shares during the period. Rothschild Investment LLC raised its holdings in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in shares of MercadoLibre by 2.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock worth $605,000 after acquiring an additional 5 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BTIG Research reissued a “buy” rating and set a $2,400.00 price objective on shares of MercadoLibre in a research report on Friday, April 10th. Weiss Ratings downgraded shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Wedbush lowered their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Zacks Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,685.33.

View Our Latest Analysis on MELI

MercadoLibre Stock Up 3.2%

Shares of MELI stock opened at $1,850.05 on Friday. The company has a market capitalization of $93.80 billion, a price-to-earnings ratio of 46.96, a P/E/G ratio of 0.92 and a beta of 1.41. MercadoLibre, Inc. has a 12-month low of $1,593.21 and a 12-month high of $2,645.22. The firm has a fifty day moving average of $1,760.90 and a 200-day moving average of $1,972.77. 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 released its earnings results on Saturday, February 14th. The company reported $11.03 earnings per share 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%. As a group, equities research analysts predict that MercadoLibre, Inc. will post 48.79 earnings per share for the current fiscal year.

MercadoLibre Profile

(Free Report)

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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