Matrix Trust Co acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 85 shares of the company’s stock, valued at approximately $145,000.
Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in MercadoLibre during the 2nd quarter worth $1,023,000. Oppenheimer & Co. Inc. boosted its stake in shares of MercadoLibre by 2.6% during the second quarter. Oppenheimer & Co. Inc. now owns 1,222 shares of the company’s stock worth $2,008,000 after buying an additional 31 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of MercadoLibre by 41.7% during the second quarter. GHP Investment Advisors Inc. now owns 34 shares of the company’s stock worth $56,000 after buying an additional 10 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in MercadoLibre in the 2nd quarter valued at about $302,000. Finally, J.W. Cole Advisors Inc. raised its stake in MercadoLibre by 159.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 978 shares of the company’s stock valued at $1,607,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.
MercadoLibre Stock Performance
Shares of MELI opened at $1,740.00 on Tuesday. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,161.73. The stock has a market cap of $88.21 billion, a P/E ratio of 61.40, a PEG ratio of 1.24 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $1,865.35 and a two-hundred day moving average of $1,901.65.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on MercadoLibre
Insider Buying and Selling
In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.
MercadoLibre Company Profile
MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
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