Sei Investments Co. decreased its stake in Mercadolibre Inc (NASDAQ:MELI) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,548 shares of the company’s stock after selling 4,623 shares during the quarter. Sei Investments Co.’s holdings in Mercadolibre were worth $15,905,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of MELI. Fieldpoint Private Securities LLC purchased a new stake in shares of Mercadolibre in the third quarter worth about $104,000. Smithfield Trust Co. boosted its stake in shares of Mercadolibre by 1,025.0% in the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after buying an additional 410 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Mercadolibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after buying an additional 80 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Mercadolibre in the second quarter worth about $198,000. Finally, Kovack Advisors Inc. purchased a new stake in shares of Mercadolibre in the fourth quarter worth about $202,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.
A number of brokerages have issued reports on MELI. Zacks Investment Research upgraded Mercadolibre from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Piper Jaffray Companies increased their price target on Mercadolibre from $268.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Citigroup downgraded Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a research report on Wednesday, December 20th. Goldman Sachs Group reiterated a “neutral” rating and set a $378.00 price target (up previously from $222.00) on shares of Mercadolibre in a research report on Thursday, February 8th. Finally, BidaskClub upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Mercadolibre presently has an average rating of “Buy” and an average price target of $320.62.
In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $2,744,700. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.
Mercadolibre Inc (NASDAQ:MELI) opened at $375.78 on Wednesday. The stock has a market capitalization of $16,332.48, a P/E ratio of 105.68, a price-to-earnings-growth ratio of 4.84 and a beta of 2.15. Mercadolibre Inc has a 1 year low of $190.07 and a 1 year high of $395.67. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76.
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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