Nkcfo LLC Has $2.20 Million Stock Position in MercadoLibre, Inc. $MELI

Nkcfo LLC reduced its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 24.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 943 shares of the company’s stock after selling 300 shares during the period. Nkcfo LLC’s holdings in MercadoLibre were worth $2,204,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Lavaca Capital LLC grew its stake in shares of MercadoLibre by 140,201.3% in the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock worth $2,786,888,000 after acquiring an additional 1,065,530 shares during the last quarter. Norges Bank acquired a new position in MercadoLibre during the 2nd quarter valued at $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in MercadoLibre by 304.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after purchasing an additional 192,071 shares during the period. Flossbach Von Storch SE increased its holdings in shares of MercadoLibre by 1,669.4% during the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock worth $424,666,000 after purchasing an additional 171,449 shares during the period. Finally, Durable Capital Partners LP increased its holdings in shares of MercadoLibre by 155.3% during the 2nd quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock worth $386,775,000 after purchasing an additional 90,026 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Stelleo Tolda sold 246 shares of the business’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 document filed with the SEC, which is accessible through this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. 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. Company insiders own 0.25% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,864.46 on Tuesday. The firm has a market capitalization of $94.53 billion, a PE ratio of 45.50, a price-to-earnings-growth 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 12-month low of $1,723.90 and a 12-month high of $2,645.22. The firm has a 50-day moving average price of $2,060.10 and a 200 day moving average price of $2,174.77.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Benchmark lowered their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. upgraded 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 research report on Thursday, February 12th. Finally, Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,872.00.

MercadoLibre Profile

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.