MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,287 shares of the company's stock after selling 857 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in MercadoLibre were worth $8,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. GQG Partners LLC grew its position in shares of MercadoLibre by 442.2% in the first quarter. GQG Partners LLC now owns 794,782 shares of the company's stock valued at $1,201,679,000 after purchasing an additional 648,198 shares during the period. International Assets Investment Management LLC grew its position in shares of MercadoLibre by 205,108.3% in the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock valued at $509,506,000 after purchasing an additional 248,181 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company's stock valued at $1,167,073,000 after purchasing an additional 232,787 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of MercadoLibre in the second quarter valued at about $2,913,000. Finally, Janus Henderson Group PLC grew its position in shares of MercadoLibre by 55.8% in the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company's stock valued at $557,225,000 after purchasing an additional 132,028 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MELI shares. JPMorgan Chase & Co. decreased their price target on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a "neutral" rating on the stock in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Barclays decreased their price target on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating on the stock in a research note on Tuesday. Bank of America raised their price target on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Finally, Morgan Stanley decreased 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 research note on Monday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $2,269.67.

MercadoLibre Trading Down 2.8 %

Shares of MercadoLibre stock traded down $54.75 on Thursday, reaching $1,876.20. The company had a trading volume of 547,070 shares, compared to its average volume of 367,752. The firm's 50 day moving average price is $2,042.97 and its two-hundred day moving average price is $1,837.63. The firm has a market cap of $95.12 billion, a PE ratio of 68.14, a PEG ratio of 1.34 and a beta of 1.61. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,161.73. 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 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.