Wealth Alliance lowered its position in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 249 shares of the company’s stock after selling 19 shares during the period. Wealth Alliance’s holdings in MercadoLibre were worth $316,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of MELI. WCM Investment Management LLC raised its position in shares of MercadoLibre by 6,564.6% during the 3rd quarter. WCM Investment Management LLC now owns 665,189 shares of the company’s stock valued at $842,508,000 after buying an additional 655,208 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of MercadoLibre by 879.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 222,601 shares of the company’s stock valued at $282,231,000 after buying an additional 199,875 shares in the last quarter. Perpetual Ltd raised its position in shares of MercadoLibre by 3,796.9% during the 3rd quarter. Perpetual Ltd now owns 200,883 shares of the company’s stock valued at $254,696,000 after buying an additional 195,728 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of MercadoLibre by 30.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock valued at $401,841,000 after buying an additional 111,751 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of MercadoLibre during the 4th quarter valued at about $77,909,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.
MercadoLibre Price Performance
NASDAQ MELI opened at $1,742.26 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.24 and a current ratio of 1.27. The firm’s 50 day moving average price is $1,643.29 and its 200-day moving average price is $1,438.15. MercadoLibre, Inc. has a 52-week low of $1,063.02 and a 52-week high of $1,800.09. The company has a market cap of $88.09 billion, a PE ratio of 89.16, a P/E/G ratio of 1.17 and a beta of 1.52.
Wall Street Analyst Weigh In
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.
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