MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Constellation Investimentos e Participacoes Ltda

Constellation Investimentos e Participacoes Ltda lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,300 shares of the company’s stock after selling 9,965 shares during the quarter. MercadoLibre comprises about 43.3% of Constellation Investimentos e Participacoes Ltda’s investment portfolio, making the stock its biggest position. Constellation Investimentos e Participacoes Ltda owned about 0.05% of MercadoLibre worth $44,722,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MELI. Optimum Investment Advisors raised its position in shares of MercadoLibre by 750.0% in the third quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after buying an additional 15 shares during the last quarter. Quarry LP acquired a new position in MercadoLibre in the 2nd quarter valued at $43,000. Legacy Bridge LLC lifted its stake in shares of MercadoLibre by 53.3% during the 3rd quarter. Legacy Bridge LLC now owns 23 shares of the company’s stock worth $47,000 after purchasing an additional 8 shares during the period. GAMMA Investing LLC grew its position in shares of MercadoLibre by 123.1% in the fourth quarter. GAMMA Investing LLC now owns 29 shares of the company’s stock valued at $49,000 after purchasing an additional 16 shares during the period. Finally, NBC Securities Inc. increased its stake in MercadoLibre by 35.0% in the third quarter. NBC Securities Inc. now owns 27 shares of the company’s stock valued at $55,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.1 %

MELI opened at $1,836.00 on Friday. The firm’s 50 day moving average is $1,853.58 and its 200-day moving average is $1,903.18. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,161.73. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $93.09 billion, a P/E ratio of 64.78, a P/E/G ratio of 0.92 and a beta of 1.60.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now owns 238 shares in the company, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MELI shares. BTIG Research decreased their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Wedbush lowered their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Raymond James began coverage on MercadoLibre in a report on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,247.67.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.