C WorldWide Group Holding A S Has $15.41 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

C WorldWide Group Holding A S lessened its position in MercadoLibre, Inc. (NASDAQ:MELI) by 74.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,061 shares of the company’s stock after selling 26,516 shares during the quarter. C WorldWide Group Holding A S’s holdings in MercadoLibre were worth $15,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Swedbank AB grew its stake in MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Greenleaf Trust bought a new position in shares of MercadoLibre during the 3rd quarter worth approximately $271,000. Tectonic Advisors LLC boosted its stake in shares of MercadoLibre by 30.4% during the 3rd quarter. Tectonic Advisors LLC now owns 163 shares of the company’s stock worth $334,000 after acquiring an additional 38 shares during the period. Lake Street Advisors Group LLC bought a new position in shares of MercadoLibre during the 3rd quarter worth approximately $427,000. Finally, Allworth Financial LP boosted its stake in shares of MercadoLibre by 21.1% during the 3rd quarter. Allworth Financial LP now owns 339 shares of the company’s stock worth $696,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the subject of several research analyst reports. Morgan Stanley reduced their target price on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. BTIG Research reduced their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Wedbush reduced their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Cantor Fitzgerald boosted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of “Buy” and an average target price of $2,364.06.

Insider Buying and Selling at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,260.00 on Monday. The stock has a market capitalization of $114.58 billion, a PE ratio of 59.95, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The business has a fifty day moving average price of $1,867.29 and a two-hundred day moving average price of $1,958.01. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. As a group, equities analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.