CenterBook Partners LP Acquires 5,734 Shares of MercadoLibre, Inc. $MELI

CenterBook Partners LP boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 420.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,099 shares of the company’s stock after purchasing an additional 5,734 shares during the period. MercadoLibre accounts for approximately 0.8% of CenterBook Partners LP’s portfolio, making the stock its 21st largest position. CenterBook Partners LP’s holdings in MercadoLibre were worth $16,590,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Essex Financial Services Inc. grew its stake in shares of MercadoLibre by 4.6% in the third quarter. Essex Financial Services Inc. now owns 229 shares of the company’s stock worth $535,000 after acquiring an additional 10 shares during the last quarter. Maridea Wealth Management LLC raised its stake in MercadoLibre by 188.0% during the 3rd quarter. Maridea Wealth Management LLC now owns 455 shares of the company’s stock valued at $1,063,000 after purchasing an additional 297 shares during the last quarter. BBR Partners LLC boosted its holdings in MercadoLibre by 83.0% in the 3rd quarter. BBR Partners LLC now owns 280 shares of the company’s stock valued at $654,000 after purchasing an additional 127 shares during the period. NEOS Investment Management LLC grew its position in MercadoLibre by 87.4% in the 3rd quarter. NEOS Investment Management LLC now owns 14,713 shares of the company’s stock worth $34,383,000 after purchasing an additional 6,863 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after purchasing an additional 5 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,975.51 on Wednesday. The business has a 50 day simple moving average of $2,062.22 and a 200 day simple moving average of $2,185.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The company has a market capitalization of $100.16 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44. MercadoLibre, Inc. has a one year low of $1,723.90 and a one year high of $2,645.22.

Analysts Set New Price Targets

MELI has been the subject of several research reports. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. 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. Wedbush cut their target price on MercadoLibre from $2,700.00 to $2,600.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Barclays raised their target price 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. One equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,880.00.

Insider Buying and Selling at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the director owned 257 shares of the company’s stock, valued at $521,034.09. This trade represents a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is currently owned by company insiders.

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.