Maridea Wealth Management LLC Acquires 297 Shares of MercadoLibre, Inc. $MELI

Maridea Wealth Management LLC increased its stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 188.0% during the third quarter, Holdings Channel.com reports. The firm owned 455 shares of the company’s stock after purchasing an additional 297 shares during the quarter. Maridea Wealth Management LLC’s holdings in MercadoLibre were worth $1,063,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quadcap Wealth Management LLC raised its stake in shares of MercadoLibre by 4.2% in the second quarter. Quadcap Wealth Management LLC now owns 124 shares of the company’s stock worth $324,000 after buying an additional 5 shares during the period. PFW Advisors LLC increased its holdings in MercadoLibre by 4.8% in the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after acquiring an additional 5 shares in the last quarter. Yousif Capital Management LLC increased its holdings in MercadoLibre by 3.5% in the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock worth $344,000 after acquiring an additional 5 shares in the last quarter. Wilkinson Global Asset Management LLC raised its stake in MercadoLibre by 2.3% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after acquiring an additional 5 shares during the period. Finally, Hardy Reed LLC lifted its holdings in MercadoLibre by 4.0% during the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after purchasing an additional 5 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were 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 directly owned 257 shares of the company’s stock, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,136 shares of company stock worth $2,308,788. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MELI. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wedbush decreased their price target on MercadoLibre from $2,700.00 to $2,600.00 and set an “outperform” rating on the stock in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research note on Wednesday, February 4th. Finally, Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. One research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,880.00.

Get Our Latest Research Report on MELI

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Stock Up 1.7%

MELI opened at $2,009.05 on Thursday. The company has a market capitalization of $101.86 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44. The firm has a 50-day simple moving average of $2,062.99 and a two-hundred day simple moving average of $2,184.72. 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 52 week low of $1,723.90 and a 52 week high of $2,645.22.

MercadoLibre Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELIFree Report).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.