MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,845 shares of the company's stock after selling 4,089 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in MercadoLibre were worth $18,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in MercadoLibre by 1,600.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company's stock valued at $28,000 after purchasing an additional 16 shares during the period. Optimum Investment Advisors grew its stake in shares of MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company's stock worth $35,000 after acquiring an additional 15 shares in the last quarter. Financial Connections Group Inc. bought a new stake in shares of MercadoLibre in the 2nd quarter worth $36,000. Quarry LP bought a new stake in shares of MercadoLibre in the 2nd quarter worth $43,000. Finally, Legacy Bridge LLC grew its stake in shares of MercadoLibre by 53.3% in the 3rd quarter. Legacy Bridge LLC now owns 23 shares of the company's stock worth $47,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Trading Down 0.1 %

Shares of MercadoLibre stock traded down $2.48 on Thursday, hitting $1,984.95. The stock had a trading volume of 325,495 shares, compared to its average volume of 369,206. The stock's 50-day simple moving average is $2,009.14 and its two-hundred day simple moving average is $1,874.33. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The stock has a market cap of $100.64 billion, a price-to-earnings ratio of 70.04, a PEG ratio of 1.31 and a beta of 1.57. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now owns 238 shares of the company's stock, valued at $472,425.24. This represents a 17.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. JPMorgan Chase & Co. reduced their target price on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Redburn Atlantic started coverage on shares of MercadoLibre in a research note on Friday, October 11th. They issued a "buy" rating and a $2,800.00 target price for the company. Susquehanna boosted their price target on shares of MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a "positive" rating in a report on Wednesday, August 28th. Finally, Morgan Stanley cut their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,267.67.

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.