Maridea Wealth Management LLC Acquires 297 Shares of MercadoLibre, Inc. $MELI

Maridea Wealth Management LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 188.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 455 shares of the company’s stock after purchasing an additional 297 shares during the quarter. Maridea Wealth Management LLC’s holdings in MercadoLibre were worth $1,063,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MELI. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the second quarter valued at $29,000. Curio Wealth LLC increased 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 valued at $39,000 after acquiring an additional 14 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of MercadoLibre in the 2nd quarter worth about $39,000. Steigerwald Gordon & Koch Inc. bought a new position in MercadoLibre in the 3rd quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. boosted its stake in MercadoLibre by 100.0% in 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 in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Trading Up 1.7%

NASDAQ:MELI opened at $2,009.05 on Thursday. The company has a market cap of $101.86 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 0.98 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. The company has a 50 day simple moving average of $2,062.99 and a two-hundred day simple moving average of $2,184.72. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the sale, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MELI. Wedbush reduced their price objective on shares of MercadoLibre from $2,700.00 to $2,600.00 and set an “outperform” rating for the company in a research note on Tuesday. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. upgraded MercadoLibre from a “neutral” rating to an “overweight” rating and increased their target price for the company from $2,650.00 to $2,800.00 in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,880.00.

View Our Latest Analysis on MercadoLibre

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

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.

Recommended Stories

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.