Canada Post Corp Registered Pension Plan Has $4.66 Million Stock Holdings in MercadoLibre, Inc. $MELI

Canada Post Corp Registered Pension Plan trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,861 shares of the company’s stock after selling 358 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in MercadoLibre were worth $4,655,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Darwin Wealth Management LLC bought a new stake in MercadoLibre during the second quarter worth about $29,000. Curio Wealth LLC raised its position in shares of MercadoLibre by 1,400.0% in the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after buying an additional 14 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of MercadoLibre in the 2nd quarter valued at approximately $39,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Insiders Place Their Bets

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the transaction, the director owned 257 shares of the company’s stock, valued at $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,136 shares of company stock valued at $2,308,788 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

MercadoLibre Stock Down 3.2%

Shares of NASDAQ:MELI opened at $1,970.15 on Friday. MercadoLibre, Inc. has a 52-week low of $1,723.90 and a 52-week high of $2,645.22. The company has a market capitalization of $99.89 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The company has a fifty day moving average of $2,074.84 and a 200-day moving average of $2,206.74.

Analysts Set New Price Targets

MELI has been the subject of several research analyst reports. Weiss Ratings downgraded shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Morgan Stanley boosted their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, UBS Group reduced their price objective on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,876.88.

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.