MercadoLibre, Inc. $MELI Shares Acquired by ING Groep NV

ING Groep NV boosted its position in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,656 shares of the company’s stock after acquiring an additional 333 shares during the quarter. ING Groep NV’s holdings in MercadoLibre were worth $6,207,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of MercadoLibre by 0.5% in the 3rd quarter. Rhumbline Advisers now owns 7,484 shares of the company’s stock valued at $17,490,000 after purchasing an additional 38 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of MercadoLibre by 25.1% during the third quarter. Advisors Asset Management Inc. now owns 458 shares of the company’s stock worth $1,070,000 after purchasing an additional 92 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in MercadoLibre by 6.1% in the third quarter. Stratos Wealth Partners LTD. now owns 380 shares of the company’s stock valued at $888,000 after buying an additional 22 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in MercadoLibre by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 291 shares of the company’s stock valued at $682,000 after buying an additional 6 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its stake in MercadoLibre by 73.6% during the third quarter. Baader Bank Aktiengesellschaft now owns 1,304 shares of the company’s stock worth $3,047,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction on 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 transaction, the director directly owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stelleo Tolda sold 246 shares of the business’s 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,136 shares of company stock valued at $2,308,788 over the last three months. 0.25% of the stock is currently owned by company insiders.

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

Analysts Set New Price Targets

Several brokerages have recently weighed in on MELI. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. BTIG Research reissued a “buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a report on Wednesday, February 4th. UBS Group decreased their target price on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research report on Monday, November 24th. JPMorgan Chase & Co. upgraded 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 research note on Thursday. Finally, Wedbush reduced their price objective on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. One 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,886.25.

Check Out Our Latest Stock Report on MercadoLibre

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,007.00 on Friday. The stock’s 50-day moving average price is $2,067.77 and its 200 day moving average price is $2,196.70. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The stock has a market capitalization 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. MercadoLibre, Inc. has a 52-week low of $1,723.90 and a 52-week high of $2,645.22.

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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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