AustralianSuper Pty Ltd Sells 323 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

AustralianSuper Pty Ltd decreased its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the company's stock after selling 323 shares during the quarter. AustralianSuper Pty Ltd's holdings in MercadoLibre were worth $2,122,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. INCA Investments LLC increased its holdings in shares of MercadoLibre by 52.6% during the fourth quarter. INCA Investments LLC now owns 14,559 shares of the company's stock worth $24,757,000 after buying an additional 5,018 shares in the last quarter. Banque Pictet & Cie SA acquired a new stake in MercadoLibre during the 4th quarter valued at $10,002,000. V Square Quantitative Management LLC raised its position in MercadoLibre by 21.1% in the 4th quarter. V Square Quantitative Management LLC now owns 992 shares of the company's stock valued at $1,687,000 after purchasing an additional 173 shares during the last quarter. Bogart Wealth LLC boosted its stake in MercadoLibre by 3.3% in the fourth quarter. Bogart Wealth LLC now owns 5,430 shares of the company's stock worth $9,233,000 after purchasing an additional 172 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of MercadoLibre by 3.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,404 shares of the company's stock valued at $55,902,000 after buying an additional 1,100 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the sale, the director now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MELI shares. JPMorgan Chase & Co. reduced their price target on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Wedbush reduced their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Citigroup cut their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley lowered their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $2,244.69.

MercadoLibre Trading Down 1.1 %

NASDAQ:MELI traded down $22.96 on Wednesday, reaching $2,075.79. The company's stock had a trading volume of 413,107 shares, compared to its average volume of 332,411. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73. The business's 50-day moving average price is $1,850.22 and its two-hundred day moving average price is $1,950.96. The firm has a market cap of $105.24 billion, a PE ratio of 73.25, a PEG ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre 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.