ING Groep NV Boosts Stake in MercadoLibre, Inc. $MELI

ING Groep NV increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,656 shares of the company’s stock after acquiring an additional 333 shares during the period. ING Groep NV’s holdings in MercadoLibre were worth $6,207,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MELI. Rhumbline Advisers lifted its holdings in MercadoLibre by 0.5% in the third quarter. Rhumbline Advisers now owns 7,484 shares of the company’s stock valued at $17,490,000 after acquiring an additional 38 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of MercadoLibre by 25.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 458 shares of the company’s stock valued at $1,070,000 after purchasing an additional 92 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of MercadoLibre by 6.1% in the third quarter. Stratos Wealth Partners LTD. now owns 380 shares of the company’s stock valued at $888,000 after purchasing an additional 22 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of MercadoLibre by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 291 shares of the company’s stock valued at $682,000 after purchasing an additional 6 shares during the period. Finally, Baader Bank Aktiengesellschaft boosted its holdings in MercadoLibre by 73.6% during the third quarter. Baader Bank Aktiengesellschaft now owns 1,304 shares of the company’s stock worth $3,047,000 after buying an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Insider Activity

In related news, Director Emiliano Calemzuk sold 45 shares of the 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 sale, the director owned 257 shares of the company’s stock, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,136 shares of company stock worth $2,308,788 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Price Performance

MELI stock opened at $2,007.00 on Friday. The stock’s 50 day moving average price is $2,067.77 and its 200 day moving average price is $2,196.70. The firm has a market cap of $101.75 billion, a P/E ratio of 48.98, a PEG ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 1 year low of $1,723.90 and a 1 year high of $2,645.22.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of MercadoLibre from a “neutral” rating to an “overweight” rating and increased their target price for the company from $2,650.00 to $2,800.00 in a report on Thursday. 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 report on Thursday, October 30th. BTIG Research reaffirmed a “buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a report on Wednesday, February 4th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Finally, UBS Group dropped their price target on 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,886.25.

View Our Latest Report on MercadoLibre

About MercadoLibre

(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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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