Ameritas Advisory Services LLC Decreases Position in MercadoLibre, Inc. $MELI

Ameritas Advisory Services LLC decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 80.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 80 shares of the company’s stock after selling 320 shares during the period. Ameritas Advisory Services LLC’s holdings in MercadoLibre were worth $187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MELI. Lavaca Capital LLC grew its holdings in shares of MercadoLibre by 140,201.3% during the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after buying an additional 1,065,530 shares during the last quarter. Norges Bank purchased a new stake in MercadoLibre during the 2nd quarter valued at about $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of MercadoLibre by 304.7% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after purchasing an additional 192,071 shares during the period. Flossbach Von Storch SE increased its holdings in shares of MercadoLibre by 1,669.4% in the third quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock valued at $424,666,000 after purchasing an additional 171,449 shares during the period. Finally, Durable Capital Partners LP raised its stake in shares of MercadoLibre by 155.3% in the second quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock worth $386,775,000 after purchasing an additional 90,026 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Emiliano Calemzuk sold 45 shares of MercadoLibre stock in a transaction that occurred on Thursday, December 11th. The shares were 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 of the company’s stock, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,136 shares of company stock valued at $2,308,788 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of recent research reports. Morgan Stanley raised their price target on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Barclays boosted their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. UBS Group cut their price target on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Finally, JPMorgan Chase & Co. raised MercadoLibre from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $2,650.00 to $2,800.00 in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,880.00.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,975.51 on Wednesday. The stock has a 50 day moving average of $2,062.22 and a two-hundred day moving average of $2,185.96. MercadoLibre, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22. The firm has a market cap of $100.16 billion, a P/E ratio of 48.21, a price-to-earnings-growth ratio of 0.99 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.

MercadoLibre 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.