Candriam S.C.A. Has $34.96 Million Stake in MercadoLibre, Inc. $MELI

Candriam S.C.A. cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 57.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,958 shares of the company’s stock after selling 20,354 shares during the quarter. Candriam S.C.A.’s holdings in MercadoLibre were worth $34,956,000 as of its most recent SEC filing.

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

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,136 shares of company stock valued at $2,308,788 in the last three months. 0.25% of the stock is currently owned by company insiders.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,035.59 on Tuesday. The firm has a market capitalization of $103.20 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 0.98 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $2,074.27 and its 200-day moving average price is $2,201.67. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Wedbush cut their target price on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Finally, Zacks Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,876.88.

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.