Atala Financial Inc Acquires 366 Shares of MercadoLibre, Inc. $MELI

Atala Financial Inc boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 59.6% in the third quarter, HoldingsChannel reports. The firm owned 980 shares of the company’s stock after acquiring an additional 366 shares during the period. MercadoLibre makes up 1.4% of Atala Financial Inc’s portfolio, making the stock its 20th biggest position. Atala Financial Inc’s holdings in MercadoLibre were worth $2,290,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at $206,000. Empowered Funds LLC lifted its position in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth grew its holdings in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after acquiring an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre in the 2nd quarter valued at about $261,000. Finally, Ascent Group LLC bought a new position in shares of MercadoLibre in the second quarter worth about $204,000. Institutional investors own 87.62% of the company’s stock.

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 Price Performance

MercadoLibre stock opened at $2,099.90 on Wednesday. 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 $106.46 billion, a P/E ratio of 51.24, a PEG ratio of 1.07 and a beta of 1.44. The business has a 50-day moving average of $2,076.66 and a 200-day moving average of $2,211.92. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MELI shares. Cantor Fitzgerald decreased their price target on shares of 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. Barclays upped their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Citigroup cut their price target on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Finally, Susquehanna decreased their price target on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,876.88.

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.