Triasima Sells Shares of MercadoLibre in Q4 SEC Filing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Share Sale Details: Triasima Portfolio Management Inc. disclosed the sale of 3,013 shares of MercadoLibre during Q4, valued at approximately $6.33 million, indicating a $7.19 million decrease in the fund's position, reflecting diminished confidence in the stock.
- Asset Allocation Shift: Following the sale, MercadoLibre now constitutes only 0.14% of Triasima's assets under management, highlighting its marginal position compared to major holdings like Royal Bank of Canada and Shopify, which may influence future investment strategies.
- Company Financial Performance: MercadoLibre reported $7.4 billion in net revenue for Q3, a 39% year-over-year increase, with payment volumes surging 41%, showcasing its robust growth potential in the Latin American market despite its minimal representation in Triasima's portfolio.
- Long-Term Investor Perspective: For long-term investors, the sale reflects risk management rather than weakening fundamentals, as MercadoLibre continues to excel in e-commerce and fintech, yet remains a complementary holding rather than a core investment in Triasima's strategy.
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Analyst Views on MELI
Wall Street analysts forecast MELI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MELI is 2783 USD with a low forecast of 2500 USD and a high forecast of 2950 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 2147.790
Low
2500
Averages
2783
High
2950
Current: 2147.790
Low
2500
Averages
2783
High
2950
About MELI
MercadoLibre Inc is a Uruguay-based e-commerce business facilitator of Argentinian origins. The e-commerce products enable retail and wholesale via Internet platforms designed to provide users with a portfolio of services to facilitate commercial transactions. The Company's geographic coverage includes 18 countries of Latin America. The primary offer is an ecosystem of six integrated e-commerce services: the Mercado Libre Marketplace, the Mercado Libre Classifieds service, the Mercado Pago payments solution, the Mercado Credito financial solutions, the Mercado Envios logistic solutions including shipping, the Mercado Ads advertising platform and the Mercado Shops digital storefront solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Coronation Fund Managers Increases Stake in MercadoLibre
- Increased Holdings: Coronation Fund Managers acquired an additional 53,352 shares of MercadoLibre in Q4, with an estimated trade value of $112.06 million, indicating strong confidence in the company's future prospects.
- Value Growth: By quarter-end, the total value of the MercadoLibre position reached $285.59 million, up $78.93 million from the previous filing, reflecting both new purchases and share price appreciation.
- Asset Allocation: MercadoLibre now constitutes 12.81% of Coronation's reportable AUM, which, while not in the top five holdings, underscores its significance within the investment portfolio.
- Strong Market Performance: As of January 28, MercadoLibre's share price stood at $2,268.60, marking a 19.7% increase over the past year and outperforming the S&P 500 by 4.68 percentage points, highlighting its robust growth potential in the Latin American market.
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Triasima Sells Shares of MercadoLibre in Q4 SEC Filing
- Share Sale Details: Triasima Portfolio Management Inc. disclosed the sale of 3,013 shares of MercadoLibre during Q4, valued at approximately $6.33 million, indicating a $7.19 million decrease in the fund's position, reflecting diminished confidence in the stock.
- Asset Allocation Shift: Following the sale, MercadoLibre now constitutes only 0.14% of Triasima's assets under management, highlighting its marginal position compared to major holdings like Royal Bank of Canada and Shopify, which may influence future investment strategies.
- Company Financial Performance: MercadoLibre reported $7.4 billion in net revenue for Q3, a 39% year-over-year increase, with payment volumes surging 41%, showcasing its robust growth potential in the Latin American market despite its minimal representation in Triasima's portfolio.
- Long-Term Investor Perspective: For long-term investors, the sale reflects risk management rather than weakening fundamentals, as MercadoLibre continues to excel in e-commerce and fintech, yet remains a complementary holding rather than a core investment in Triasima's strategy.
Continue Reading