GS Investments Inc. Decreases Stock Holdings in MercadoLibre, Inc. $MELI

GS Investments Inc. reduced its position in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 17.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,145 shares of the company’s stock after selling 250 shares during the quarter. GS Investments Inc.’s holdings in MercadoLibre were worth $2,676,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Lavaca Capital LLC lifted its position in MercadoLibre by 140,201.3% during the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after acquiring an additional 1,065,530 shares during the last quarter. Norges Bank acquired a new position in shares of MercadoLibre during the second quarter worth $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of MercadoLibre by 304.7% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after purchasing an additional 192,071 shares during the last quarter. Flossbach Von Storch SE boosted its position in shares of MercadoLibre by 1,669.4% in the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock worth $424,666,000 after purchasing an additional 171,449 shares in the last quarter. Finally, Durable Capital Partners LP boosted its position in shares of MercadoLibre by 155.3% in the 2nd quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock worth $386,775,000 after purchasing an additional 90,026 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of several recent analyst reports. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Barclays increased their price objective on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Cantor Fitzgerald dropped 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 research report on Thursday, October 30th. JPMorgan Chase & Co. raised shares of MercadoLibre from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $2,650.00 to $2,800.00 in a report on Thursday. Finally, Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $2,886.25.

Check Out Our Latest Research Report on MercadoLibre

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of the company’s 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the 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 SEC filing for this sale provides additional information. Insiders have sold 1,136 shares of company stock worth $2,308,788 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,007.00 on Friday. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22. 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 company has a market cap of $101.75 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.44. The company’s 50 day moving average is $2,067.77 and its 200 day moving average is $2,196.70.

MercadoLibre Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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