Generation Investment Management LLP Sells 12,684 Shares of MercadoLibre, Inc. $MELI

Generation Investment Management LLP trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 447,488 shares of the company’s stock after selling 12,684 shares during the period. MercadoLibre accounts for about 6.9% of Generation Investment Management LLP’s holdings, making the stock its 3rd biggest holding. Generation Investment Management LLP owned 0.88% of MercadoLibre worth $1,045,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Highview Capital Management LLC DE acquired a new position in MercadoLibre during the second quarter worth $559,000. Resona Asset Management Co. Ltd. raised its holdings in shares of MercadoLibre by 4.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after acquiring an additional 585 shares during the period. Jennison Associates LLC boosted its position in shares of MercadoLibre by 7.0% during the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock valued at $3,228,460,000 after acquiring an additional 81,124 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in shares of MercadoLibre by 10.9% in the second quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock valued at $13,921,000 after purchasing an additional 525 shares during the period. Finally, Barlow Wealth Partners Inc. grew its holdings in shares of MercadoLibre by 126.7% in the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after purchasing an additional 6,429 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MELI. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. raised MercadoLibre from a “neutral” rating to an “overweight” rating and upped their price target for the company from $2,650.00 to $2,800.00 in a research note on Thursday, February 12th. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Wedbush reduced their price target on shares of MercadoLibre from $2,700.00 to $2,600.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average price target of $2,872.00.

MercadoLibre Trading Down 6.6%

Shares of MercadoLibre stock opened at $1,864.46 on Tuesday. The firm has a market cap of $94.53 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44. The company’s 50-day simple moving average is $2,060.10 and its 200-day simple moving average is $2,174.77. MercadoLibre, Inc. has a 52-week low of $1,723.90 and a 52-week high of $2,645.22. 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 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.