Atlantic Union Bankshares Corp Increases Stock Position in MercadoLibre, Inc. $MELI

Atlantic Union Bankshares Corp grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 338.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 895 shares of the company’s stock after purchasing an additional 691 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in MercadoLibre were worth $2,092,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of MercadoLibre during the third quarter valued at $35,000. Cullen Frost Bankers Inc. increased its position in 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 purchasing an additional 8 shares in the last quarter. Curio Wealth LLC raised its stake in 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 purchasing an additional 14 shares during the last quarter. Finally, Stone House Investment Management LLC acquired a new position in MercadoLibre in the 2nd quarter valued at about $39,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Down 2.2%

Shares of NASDAQ:MELI opened at $2,099.90 on Wednesday. The stock has a 50-day simple moving average of $2,076.66 and a 200-day simple moving average of $2,211.92. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year 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 market capitalization of $106.46 billion, a P/E ratio of 51.24, a PEG ratio of 1.07 and a beta of 1.44.

Insider Activity at MercadoLibre

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 257 shares in the company, valued at $521,034.09. This represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Citigroup reduced their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. BTIG Research reaffirmed a “buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a research note on Thursday, December 4th. Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. 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 given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,876.88.

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.