Triglav Investments D.O.O. Sells 2,020 Shares of MercadoLibre, Inc. $MELI

Triglav Investments D.O.O. lowered its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 79.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515 shares of the company’s stock after selling 2,020 shares during the period. Triglav Investments D.O.O.’s holdings in MercadoLibre were worth $1,204,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter worth $29,000. Curio Wealth LLC raised its position in shares of MercadoLibre by 1,400.0% in the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after acquiring an additional 14 shares in the last quarter. Stone House Investment Management LLC acquired a new position in MercadoLibre in the second quarter valued at approximately $39,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre during the 3rd quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. increased its stake in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MELI has been the subject of several recent research reports. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Morgan Stanley upped their price objective on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,876.88.

MercadoLibre Trading Down 2.2%

Shares of MELI stock opened at $2,052.78 on Thursday. The business’s fifty day moving average is $2,077.05 and its 200 day moving average is $2,210.81. MercadoLibre, Inc. has a 52-week low of $1,723.90 and a 52-week high of $2,645.22. The company has a market capitalization of $104.08 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17.

Insider Transactions at MercadoLibre

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,136 shares of company stock valued at $2,308,788. Insiders own 0.25% of the company’s stock.

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.