BI Asset Management Fondsmaeglerselskab A S Has $102.88 Million Stock Holdings in MercadoLibre, Inc. $MELI

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,023 shares of the company’s stock after buying an additional 6,667 shares during the quarter. MercadoLibre comprises approximately 0.9% of BI Asset Management Fondsmaeglerselskab A S’s investment portfolio, making the stock its 16th biggest holding. BI Asset Management Fondsmaeglerselskab A S owned about 0.09% of MercadoLibre worth $102,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MELI. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre in the 2nd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in MercadoLibre during the third quarter worth $35,000. Cullen Frost Bankers Inc. lifted its stake in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares during the last quarter. Curio Wealth LLC raised its stake in MercadoLibre by 1,400.0% in the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock valued at $39,000 after buying an additional 14 shares during the period. Finally, Stone House Investment Management LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $39,000. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MELI has been the subject of a number of research analyst reports. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Morgan Stanley lifted their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Cantor Fitzgerald reduced their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Susquehanna reduced their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Monday, October 13th. Finally, Benchmark cut their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,876.88.

Insider Activity at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is owned by insiders.

MercadoLibre Price Performance

MELI stock opened at $2,052.78 on Thursday. 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 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company’s 50-day moving average is $2,077.05 and its 200-day moving average is $2,210.81. The stock has a market capitalization of $104.08 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44.

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.