Triglav Investments D.O.O. Sells 2,020 Shares of MercadoLibre, Inc. $MELI

Triglav Investments D.O.O. decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 79.7% in the third quarter, HoldingsChannel.com reports. The fund owned 515 shares of the company’s stock after selling 2,020 shares during the period. Triglav Investments D.O.O.’s holdings in MercadoLibre were worth $1,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MELI. BI Asset Management Fondsmaeglerselskab A S raised its holdings in MercadoLibre by 17.8% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,023 shares of the company’s stock worth $102,879,000 after purchasing an additional 6,667 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in MercadoLibre in the third quarter worth about $502,000. Optimize Financial Inc lifted its position in MercadoLibre by 3.8% in the 3rd quarter. Optimize Financial Inc now owns 247 shares of the company’s stock valued at $577,000 after acquiring an additional 9 shares in the last quarter. Savant Capital LLC boosted its position in shares of MercadoLibre by 26.0% during the third quarter. Savant Capital LLC now owns 514 shares of the company’s stock valued at $1,200,000 after buying an additional 106 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of MercadoLibre by 1.5% during the third quarter. J.W. Cole Advisors Inc. now owns 1,775 shares of the company’s stock valued at $4,148,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 2.2%

Shares of NASDAQ MELI opened at $2,052.78 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The business’s 50 day moving average price is $2,077.05 and its 200-day moving average price is $2,210.81. MercadoLibre, Inc. has a fifty-two week low of $1,723.90 and a fifty-two week high of $2,645.22. The company has a market cap of $104.08 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 1.04 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald dropped their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley increased their price target 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. Barclays increased their price objective on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. BTIG Research restated a “buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a research report on Wednesday. Finally, Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,876.88.

Insider Buying and Selling

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated 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 sale 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 the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,136 shares of company stock valued at $2,308,788 in the last 90 days. Company insiders own 0.25% of the company’s stock.

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.