Factory Mutual Insurance Co. Takes Position in MercadoLibre, Inc. $MELI

Factory Mutual Insurance Co. acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 639 shares of the company’s stock, valued at approximately $1,493,000.

Several other hedge funds also recently made changes to their positions in the stock. Bison Wealth LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $206,000. Empowered Funds LLC grew its position in MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares in the last quarter. Focus Partners Wealth increased its position in shares of MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares during the last quarter. Sivia Capital Partners LLC bought a new position in MercadoLibre during the second quarter valued at approximately $261,000. Finally, Yousif Capital Management LLC raised its position in MercadoLibre by 6.0% in the 2nd quarter. Yousif Capital Management LLC now owns 142 shares of the company’s stock worth $371,000 after purchasing an additional 8 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 0.6%

MELI opened at $1,996.55 on Friday. The firm has a 50 day moving average price of $2,062.53 and a 200-day moving average price of $2,183.42. The stock has a market capitalization of $101.23 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 0.99 and a beta of 1.44. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director owned 257 shares of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction that occurred on 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on MELI. BTIG Research reaffirmed a “buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upgraded shares of MercadoLibre from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $2,650.00 to $2,800.00 in a report on Thursday, February 12th. Barclays upped their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.