MercadoLibre, Inc. $MELI Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,743 shares of the company's stock after selling 1,351 shares during the quarter. Ninety One North America Inc.'s holdings in MercadoLibre were worth $11,084,000 at the end of the most recent reporting period.3 Stocks Well Below 52-Week Highs Poised for a Q4 ReboundA number of other large investors also recently bought and sold shares of the stock. Jackson Wealth Management LLC acquired a new stake in shares of MercadoLibre in the second quarter valued at about $499,000. Highview Capital Management LLC DE purchased a new position in MercadoLibre in the 2nd quarter valued at about $559,000. Resona Asset Management Co. Ltd. lifted its stake in MercadoLibre by 4.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company's stock valued at $39,900,000 after buying an additional 585 shares in the last quarter. Jennison Associates LLC increased its stake in MercadoLibre by 7.0% during the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company's stock worth $3,228,460,000 after buying an additional 81,124 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in MercadoLibre by 10.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company's stock worth $13,921,000 after buying an additional 525 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds. Insiders Place Their BetsIn other news, Director Emiliano Calemzuk sold 45 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the sale, the director owned 257 shares in the company, valued at $521,034.09. This trade represents a 14.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stelleo Tolda sold 246 shares of the company's stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,136 shares of company stock valued at $2,308,788 over the last ninety days. Company insiders own 0.25% of the company's stock. MercadoLibre Stock Down 0.3%3 Emerging Stocks You Haven't Heard Much From This CycleShares of NASDAQ:MELI opened at $2,014.26 on Thursday. MercadoLibre, Inc. has a 52-week low of $1,698.53 and a 52-week high of $2,645.22. The stock has a market cap of $102.12 billion, a P/E ratio of 49.15, a PEG ratio of 1.51 and a beta of 1.42. The business has a fifty day moving average of $2,083.10 and a two-hundred day moving average of $2,268.41. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analysts' expectations of $7.19 billion. During the same quarter in the prior year, the firm earned $7.83 EPS. The firm's revenue was up 39.5% on a year-over-year basis. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year. Analysts Set New Price TargetsHow The Weak Dollar Is Fueling These Global Stock SurgesSeveral equities analysts have recently weighed in on the company. Dbs Bank upgraded MercadoLibre from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 2nd. Morgan Stanley increased their price objective on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an "overweight" rating in a research note on Monday, November 3rd. Barclays lifted their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an "overweight" rating in a research note on Thursday, October 30th. Wedbush dropped their target price on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an "outperform" rating for the company in a report on Friday, December 19th. Finally, Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an "overweight" rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average target price of $2,842.94.Read Our Latest Analysis on MercadoLibreMercadoLibre Company Profile (Free Report)MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end. Key offerings include its marketplace platform and a suite of logistics and payment services.Featured ArticlesFive stocks we like better than MercadoLibreThe Best $1 You'll Spend This Holiday SeasonHoliday surprise: $1 gets you everythingAmerica’s “most deplorable” Christmas saleDo not delete, read immediatelyMarket Panic: Trump Just Dropped a Bomb on Your StocksThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MercadoLibre Right Now?Before you consider MercadoLibre, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.While MercadoLibre currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here