MercadoLibre, Inc. $MELI Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 87.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,713 shares of the company’s stock after purchasing an additional 6,863 shares during the period. NEOS Investment Management LLC’s holdings in MercadoLibre were worth $34,383,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre during the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in MercadoLibre in the 3rd quarter valued at $35,000. Cullen Frost Bankers Inc. lifted its stake 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 purchasing an additional 8 shares during the period. Curio Wealth LLC boosted its holdings in shares of MercadoLibre by 1,400.0% during the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after purchasing an additional 14 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $39,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the subject of several analyst reports. Morgan Stanley upped their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. 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. Cantor Fitzgerald cut their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,886.25.

Insider Activity

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. In 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 corporate insiders.

MercadoLibre Stock Down 0.9%

Shares of MercadoLibre stock opened at $1,988.26 on Tuesday. The stock has a 50-day moving average price of $2,064.20 and a 200 day moving average price of $2,188.78. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company has a market cap of $100.80 billion, a P/E ratio of 48.52, a P/E/G ratio of 0.99 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.

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.