Kolinsky Wealth Management LLC increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 7.7% during the third quarter, Holdings Channel reports. The fund owned 211 shares of the company’s stock after acquiring an additional 15 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in MercadoLibre were worth $433,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MELI. Jennison Associates LLC boosted its holdings in shares of MercadoLibre by 3.9% during the third quarter. Jennison Associates LLC now owns 1,873,919 shares of the company’s stock worth $3,845,207,000 after purchasing an additional 70,154 shares during the last quarter. FMR LLC boosted its stake in MercadoLibre by 18.6% in the 3rd quarter. FMR LLC now owns 878,996 shares of the company’s stock worth $1,803,665,000 after buying an additional 137,564 shares during the last quarter. Legal & General Group Plc grew its holdings in MercadoLibre by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 323,570 shares of the company’s stock valued at $531,755,000 after buying an additional 11,265 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of MercadoLibre by 17.0% during the 2nd quarter. Royal London Asset Management Ltd. now owns 277,206 shares of the company’s stock valued at $455,560,000 after acquiring an additional 40,361 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of MercadoLibre by 12.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 258,455 shares of the company’s stock worth $424,745,000 after acquiring an additional 27,832 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.
MercadoLibre Price Performance
Shares of MELI stock opened at $1,985.17 on Friday. The firm has a fifty day simple moving average of $2,020.96 and a 200-day simple moving average of $1,867.64. The company has a market capitalization of $100.64 billion, a PE ratio of 70.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.61. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.
Analysts Set New Price Targets
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.
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