MercadoLibre, Inc. $MELI Shares Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 73.6% in the third quarter, HoldingsChannel reports. The firm owned 1,304 shares of the company’s stock after purchasing an additional 553 shares during the period. Baader Bank Aktiengesellschaft’s holdings in MercadoLibre were worth $3,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MELI. Jennison Associates LLC raised its position in shares of MercadoLibre by 7.0% in the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock valued at $3,228,460,000 after purchasing an additional 81,124 shares in the last quarter. Lavaca Capital LLC increased 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 buying an additional 1,065,530 shares during the last quarter. Schroder Investment Management Group raised its holdings in MercadoLibre by 16.6% in the second quarter. Schroder Investment Management Group now owns 521,833 shares of the company’s stock valued at $1,363,878,000 after acquiring an additional 74,201 shares in the last quarter. WCM Investment Management LLC boosted its stake in MercadoLibre by 0.4% during the 3rd quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock valued at $1,244,447,000 after acquiring an additional 1,833 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in MercadoLibre by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 271,202 shares of the company’s stock worth $709,535,000 after acquiring an additional 9,474 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 0.5%

NASDAQ:MELI opened at $2,025.32 on Wednesday. The firm has a market capitalization of $102.68 billion, a P/E ratio of 49.42, a P/E/G ratio of 1.01 and a beta of 1.44. The business has a 50 day simple moving average of $2,072.45 and a 200 day simple moving average of $2,199.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 12-month low of $1,723.90 and a 12-month high of $2,645.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MELI shares. UBS Group cut their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Benchmark decreased their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Morgan Stanley upped their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Cantor Fitzgerald decreased their price objective 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. Finally, Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and a consensus price target of $2,876.88.

Insider Buying and Selling at MercadoLibre

In related 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 value of $1,713,778.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 257 shares of the company’s stock, valued at $521,034.09. The trade was a 14.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by insiders.

MercadoLibre Company 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.