MercadoLibre, Inc. $MELI Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 31.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,449 shares of the company’s stock after acquiring an additional 348 shares during the period. Alps Advisors Inc.’s holdings in MercadoLibre were worth $3,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in MercadoLibre in the second quarter valued at about $29,000. Curio Wealth LLC lifted its position in MercadoLibre by 1,400.0% during the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after acquiring an additional 14 shares in the last quarter. Stone House Investment Management LLC purchased a new position in MercadoLibre in the 2nd quarter worth approximately $39,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre in the third quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MELI. Morgan Stanley upped their target price on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Barclays raised their target price on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Benchmark cut their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group reduced their price target on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,876.88.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,035.59 on Tuesday. The company has a market cap of $103.20 billion, a P/E ratio of 49.67, a PEG ratio of 0.98 and a beta of 1.44. The business has a 50 day moving average of $2,074.27 and a two-hundred day moving average of $2,201.67. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a 52 week low of $1,723.90 and a 52 week high of $2,645.22.

Insider Buying and Selling at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction that occurred 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 sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stelleo Tolda sold 246 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,136 shares of company stock valued at $2,308,788. Company insiders own 0.25% of the company’s stock.

About MercadoLibre

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.