Ameritas Advisory Services LLC Decreases Stock Position in MercadoLibre, Inc. $MELI

Ameritas Advisory Services LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 80.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80 shares of the company’s stock after selling 320 shares during the period. Ameritas Advisory Services LLC’s holdings in MercadoLibre were worth $187,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MELI. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in MercadoLibre during the 3rd quarter worth about $35,000. Cullen Frost Bankers Inc. boosted its position in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares in the last quarter. Curio Wealth LLC increased its holdings in shares of MercadoLibre by 1,400.0% in the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after acquiring an additional 14 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Activity

In other news, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,136 shares of company stock worth $2,308,788. Company insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,975.51 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The stock 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 market cap of $100.16 billion, a price-to-earnings ratio of 48.21, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44. MercadoLibre, Inc. has a 12-month low of $1,723.90 and a 12-month high of $2,645.22.

Analysts Set New Price Targets

MELI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of MercadoLibre from a “neutral” rating to an “overweight” rating and increased their target price for the company from $2,650.00 to $2,800.00 in a research report on Thursday, February 12th. 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 report on Monday, November 3rd. Cantor Fitzgerald cut 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. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings lowered MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $2,880.00.

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.