ABN AMRO Bank N.V. Has $2.13 Million Stock Position in MercadoLibre, Inc. $MELI

ABN AMRO Bank N.V. increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 68.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 912 shares of the company’s stock after acquiring an additional 372 shares during the period. ABN AMRO Bank N.V.’s holdings in MercadoLibre were worth $2,131,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Highview Capital Management LLC DE bought a new position in MercadoLibre in the 2nd quarter valued at about $559,000. Resona Asset Management Co. Ltd. boosted its holdings in shares of MercadoLibre by 4.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after acquiring an additional 585 shares during the period. Jennison Associates LLC grew its position in shares of MercadoLibre by 7.0% in the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock valued at $3,228,460,000 after purchasing an additional 81,124 shares during the last quarter. Achmea Investment Management B.V. increased its stake in shares of MercadoLibre by 10.9% during the second quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock worth $13,921,000 after purchasing an additional 525 shares during the period. Finally, Costello Asset Management INC lifted its holdings in MercadoLibre by 434.3% during the 2nd quarter. Costello Asset Management INC now owns 577 shares of the company’s stock worth $1,509,000 after purchasing an additional 469 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the firm’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. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MELI. Benchmark decreased their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Zacks Research cut shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Susquehanna lowered their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Morgan Stanley lifted their price objective on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Finally, Citigroup lowered their target price on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. One equities 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 company. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,876.88.

MercadoLibre Price Performance

MercadoLibre stock opened at $2,034.76 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 52 week low of $1,723.90 and a 52 week high of $2,645.22. The stock has a market capitalization of $103.16 billion, a P/E ratio of 49.65, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. The stock has a fifty day moving average of $2,077.08 and a 200-day moving average of $2,209.58.

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.