MercadoLibre, Inc. $MELI Stock Holdings Lessened by INCA Investments LLC

INCA Investments LLC lowered its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 22.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,719 shares of the company’s stock after selling 2,230 shares during the quarter. MercadoLibre accounts for about 8.3% of INCA Investments LLC’s portfolio, making the stock its 6th biggest holding. INCA Investments LLC’s holdings in MercadoLibre were worth $18,039,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in MELI. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the second quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in MercadoLibre in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. boosted its holdings 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 buying an additional 8 shares during the last quarter. Curio Wealth LLC increased its stake in MercadoLibre by 1,400.0% during the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after buying an additional 14 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new position in shares of MercadoLibre during the second quarter valued at approximately $39,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MercadoLibre

In other news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred 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 sale, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,136 shares of company stock worth $2,308,788 in the last ninety days. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on MELI shares. Morgan Stanley lifted their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. UBS Group dropped their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a report on Monday, November 24th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Barclays boosted their price target on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,876.88.

MercadoLibre Stock Down 0.0%

NASDAQ MELI opened at $2,146.75 on Tuesday. 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, Inc. has a 52 week low of $1,723.90 and a 52 week high of $2,645.22. The business’s fifty day simple moving average is $2,075.77 and its 200-day simple moving average is $2,214.13. The firm has a market cap of $108.84 billion, a PE ratio of 52.39, a P/E/G ratio of 1.07 and a beta of 1.44.

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.