MercadoLibre, Inc. $MELI Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 34.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,014 shares of the company’s stock after purchasing an additional 773 shares during the quarter. Penserra Capital Management LLC’s holdings in MercadoLibre were worth $7,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MELI. Darwin Wealth Management LLC purchased a new position in shares of MercadoLibre in the 2nd quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of MercadoLibre during the third quarter worth $35,000. Cullen Frost Bankers Inc. grew its position 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 buying an additional 8 shares during the last quarter. Curio Wealth LLC increased its stake in MercadoLibre by 1,400.0% in the 2nd 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 purchased a new position in MercadoLibre during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,034.76 on Friday. The firm has a market capitalization of $103.16 billion, a price-to-earnings ratio of 49.65, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. 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 business’s 50 day simple moving average is $2,077.08 and its 200-day simple moving average is $2,209.58. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22.

Analyst Upgrades and Downgrades

MELI has been the topic of several analyst reports. Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. BTIG Research restated a “buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research report on Wednesday. Morgan Stanley boosted their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Benchmark cut their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Susquehanna decreased their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,876.88.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction that occurred on 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 have sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

About MercadoLibre

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.