MercadoLibre, Inc. $MELI Shares Bought by Greenland Capital Management LP

Greenland Capital Management LP grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 799.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097 shares of the company’s stock after purchasing an additional 975 shares during the period. Greenland Capital Management LP’s holdings in MercadoLibre were worth $2,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre in the second quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in MercadoLibre in the 3rd quarter valued at approximately $35,000. Cullen Frost Bankers Inc. boosted its position in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. Stone House Investment Management LLC acquired a new position in shares of MercadoLibre in the second quarter worth $39,000. Finally, Rothschild Investment LLC grew its stake in shares of MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 6.6%

MELI opened at $1,864.46 on Tuesday. 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 one year low of $1,723.90 and a one year high of $2,645.22. The company has a market cap of $94.53 billion, a P/E ratio of 45.50, a PEG ratio of 0.99 and a beta of 1.44. The business’s 50-day simple moving average is $2,060.10 and its 200-day simple moving average is $2,174.77.

Insider Activity at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the business’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 transaction of $503,778.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Emiliano Calemzuk sold 45 shares of the company’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 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 disclosure for this sale is available in the SEC filing. Insiders sold 1,136 shares of company stock valued at $2,308,788 over the last three months. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley increased their price objective on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Wedbush cut their price target on MercadoLibre from $2,700.00 to $2,600.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. UBS Group decreased their price objective on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Barclays boosted their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,872.00.

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.