Tredje AP fonden Acquires 1,700 Shares of MercadoLibre, Inc. $MELI

Tredje AP fonden increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 12.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,020 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Tredje AP fonden’s holdings in MercadoLibre were worth $35,101,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MELI. Quadcap Wealth Management LLC raised its position in shares of MercadoLibre by 4.2% during the second quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock valued at $324,000 after buying an additional 5 shares during the last quarter. PFW Advisors LLC grew its position in MercadoLibre by 4.8% during the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after acquiring an additional 5 shares during the last quarter. Yousif Capital Management LLC grew its position in 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 last quarter. Wilkinson Global Asset Management LLC increased its holdings in MercadoLibre by 2.3% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock valued at $528,000 after purchasing an additional 5 shares in the last quarter. Finally, Hardy Reed LLC raised its position in MercadoLibre by 4.0% in the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,996.87 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $101.24 billion, a P/E ratio of 48.73, a PEG ratio of 0.99 and a beta of 1.44. The business has a 50-day moving average of $2,062.15 and a 200-day moving average of $2,180.65. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MELI shares. Benchmark lowered their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. UBS Group reduced their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Wedbush lowered their price target on shares of MercadoLibre from $2,700.00 to $2,600.00 and set an “outperform” rating for the company in a report on Tuesday. Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Finally, Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,872.00.

Insider Activity at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the transaction, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. This trade represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently owned by company insiders.

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.