Factory Mutual Insurance Co. Takes $1.49 Million Position in MercadoLibre, Inc. $MELI

Factory Mutual Insurance Co. acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 639 shares of the company’s stock, valued at approximately $1,493,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highview Capital Management LLC DE acquired a new position in shares of MercadoLibre during the 2nd quarter worth approximately $559,000. Resona Asset Management Co. Ltd. lifted its stake in shares of MercadoLibre by 4.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after buying an additional 585 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of MercadoLibre by 7.0% during the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after acquiring an additional 81,124 shares during the period. Achmea Investment Management B.V. boosted its stake in MercadoLibre by 10.9% in the 2nd quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock valued at $13,921,000 after purchasing an additional 525 shares during the period. Finally, Barlow Wealth Partners Inc. grew its stake in shares of MercadoLibre by 126.7% in the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after acquiring an additional 6,429 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,996.55 on Friday. 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, Inc. has a 12 month low of $1,723.90 and a 12 month high of $2,645.22. The firm has a market capitalization of $101.23 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44. The firm has a fifty day simple moving average of $2,062.53 and a two-hundred day simple moving average of $2,183.42.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MELI shares. UBS Group reduced 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. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings lowered MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. Benchmark reduced their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,880.00.

Insider Activity

In related news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total transaction of $503,778.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,136 shares of company stock worth $2,308,788 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

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.