Provident Co of the Employees of the Hebrew University LTD Purchases 588 Shares of MercadoLibre, Inc. $MELI

Provident Co of the Employees of the Hebrew University LTD boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 156.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 963 shares of the company’s stock after purchasing an additional 588 shares during the period. MercadoLibre accounts for about 2.2% of Provident Co of the Employees of the Hebrew University LTD’s portfolio, making the stock its 19th biggest holding. Provident Co of the Employees of the Hebrew University LTD’s holdings in MercadoLibre were worth $2,244,000 at the end of the most recent reporting period.

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

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $521,034.09. This represents a 14.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the firm’s stock in a transaction dated 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 three months, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by company insiders.

MercadoLibre Stock Down 3.2%

MELI stock opened at $1,970.15 on Monday. The stock has a fifty day moving average of $2,074.84 and a 200-day moving average of $2,204.17. MercadoLibre, Inc. has a fifty-two week low of $1,723.90 and a fifty-two week high of $2,645.22. The company has a market capitalization of $99.89 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 0.98 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.

Wall Street Analyst Weigh In

MELI has been the subject of several recent analyst reports. 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 upped their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Benchmark decreased their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.