MercadoLibre, Inc. $MELI Shares Purchased by Eleva Capital SAS

Eleva Capital SAS grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 105.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,581 shares of the company’s stock after acquiring an additional 1,326 shares during the period. MercadoLibre comprises about 1.6% of Eleva Capital SAS’s portfolio, making the stock its 2nd largest holding. Eleva Capital SAS’s holdings in MercadoLibre were worth $6,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Highview Capital Management LLC DE bought a new position in MercadoLibre during the second quarter worth $559,000. Resona Asset Management Co. Ltd. lifted its stake in shares of MercadoLibre by 4.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after buying an additional 585 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of MercadoLibre by 7.0% during the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after buying an additional 81,124 shares during the period. Achmea Investment Management B.V. grew its stake in MercadoLibre by 10.9% in the 2nd quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock valued at $13,921,000 after buying an additional 525 shares during the last quarter. Finally, Barlow Wealth Partners Inc. raised its holdings in MercadoLibre by 126.7% in the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after acquiring an additional 6,429 shares during the period. 87.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The SEC filing for this sale provides additional information. Insiders sold 1,136 shares of company stock valued at $2,308,788 over the last quarter. 0.25% of the stock is owned by company insiders.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,996.87 on Monday. The company has a market cap of $101.24 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 0.99 and a beta of 1.44. 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 debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a fifty day moving average price of $2,062.15 and a 200-day moving average price of $2,178.08.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MELI. BTIG Research restated a “buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a report on Wednesday, February 4th. Morgan Stanley boosted their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Barclays boosted their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Dbs Bank raised shares of 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 assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,872.00.

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.