MercadoLibre, Inc. $MELI Shares Bought by Greenland Capital Management LP

Greenland Capital Management LP grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 799.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,097 shares of the company’s stock after buying an additional 975 shares during the period. Greenland Capital Management LP’s holdings in MercadoLibre were worth $2,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MELI. Jennison Associates LLC raised its holdings in 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 acquiring an additional 81,124 shares during the last quarter. Lavaca Capital LLC boosted its holdings in shares of MercadoLibre by 140,201.3% during the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock worth $2,786,888,000 after purchasing an additional 1,065,530 shares during the last quarter. Schroder Investment Management Group grew its position in shares of 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 purchasing an additional 74,201 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of MercadoLibre by 0.4% in the third quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock valued at $1,244,447,000 after purchasing an additional 1,833 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of MercadoLibre by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 271,202 shares of the company’s stock valued at $709,535,000 after purchasing an additional 9,474 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 6.6%

NASDAQ MELI opened at $1,864.46 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. The stock has a market capitalization of $94.53 billion, a P/E ratio of 45.50, a PEG ratio of 0.99 and a beta of 1.44. The firm’s 50-day moving average is $2,060.10 and its two-hundred day moving average is $2,174.77. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22.

Wall Street Analyst Weigh In

MELI has been the topic of a number of recent research reports. UBS Group lowered their price objective on 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. Morgan Stanley boosted their price target on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. BTIG Research reaffirmed a “buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research note on Wednesday, February 4th. Finally, Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,872.00.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction that occurred 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 available at this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director owned 257 shares in the company, valued at $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. In the last three months, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is currently 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.