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

INCA Investments LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 22.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,719 shares of the company’s stock after selling 2,230 shares during the quarter. MercadoLibre comprises 8.3% of INCA Investments LLC’s holdings, making the stock its 6th largest position. INCA Investments LLC’s holdings in MercadoLibre were worth $18,039,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC purchased a new stake in MercadoLibre during the 4th quarter worth approximately $206,000. Empowered Funds LLC lifted its stake in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares during the period. Focus Partners Wealth lifted its stake in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of MercadoLibre during the second quarter valued at $261,000. Finally, Hilltop National Bank acquired a new position in shares of MercadoLibre in the 2nd quarter valued at $107,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of research reports. Benchmark lowered their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Morgan Stanley raised their price objective 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. Weiss Ratings downgraded MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Barclays increased their price target on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Citigroup reduced their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,876.88.

MercadoLibre Stock Down 0.0%

Shares of MELI stock opened at $2,146.75 on Tuesday. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22. The stock has a market cap of $108.84 billion, a P/E ratio of 52.39, a P/E/G ratio of 1.07 and a beta of 1.44. The stock has a 50 day moving average of $2,075.77 and a 200 day moving average of $2,214.13. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55.

Insider Activity at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Emiliano Calemzuk sold 45 shares of the firm’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 sale, the director owned 257 shares in the company, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,136 shares of company stock worth $2,308,788 in the last three months. Company insiders own 0.25% of the company’s stock.

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.