Bessemer Group Inc. Decreases Stock Holdings in MercadoLibre, Inc. $MELI

Bessemer Group Inc. lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,647 shares of the company’s stock after selling 38,021 shares during the period. Bessemer Group Inc. owned 0.21% of MercadoLibre worth $244,554,000 at the end of the most recent quarter.

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

MercadoLibre Stock Down 2.2%

MercadoLibre stock opened at $2,052.78 on Thursday. The stock has a 50 day moving average of $2,077.05 and a two-hundred day moving average of $2,210.81. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22. The stock has a market capitalization of $104.08 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 1.04 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.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the sale, the director owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’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 value of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,136 shares of company stock worth $2,308,788. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Benchmark cut their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Susquehanna reduced their target price on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a report on Monday, October 13th. Barclays raised their price target on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $2,876.88.

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.