GSA Capital Partners LLP Decreases Stake in MercadoLibre, Inc. (NASDAQ:MELI)

GSA Capital Partners LLP lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 37.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 675 shares of the company’s stock after selling 408 shares during the period. GSA Capital Partners LLP’s holdings in MercadoLibre were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of MercadoLibre by 1,600.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock valued at $28,000 after buying an additional 16 shares during the last quarter. Optimum Investment Advisors raised its holdings in MercadoLibre by 750.0% in the third quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after acquiring an additional 15 shares in the last quarter. Financial Connections Group Inc. bought a new position in MercadoLibre during the 2nd quarter valued at $36,000. Quarry LP acquired a new position in MercadoLibre during the 2nd quarter worth $43,000. Finally, NBC Securities Inc. increased its position in shares of MercadoLibre by 35.0% in the 3rd quarter. NBC Securities Inc. now owns 27 shares of the company’s stock worth $55,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MELI. BTIG Research decreased their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Citigroup upped their price target on MercadoLibre from $2,200.00 to $2,480.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wedbush reissued an “outperform” rating and set a $2,200.00 target price (up from $2,000.00) on shares of MercadoLibre in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,269.67.

MercadoLibre Price Performance

Shares of MELI opened at $1,930.95 on Thursday. The firm has a market capitalization of $97.90 billion, a price-to-earnings ratio of 68.14, a price-to-earnings-growth ratio of 1.34 and a beta of 1.61. The stock’s fifty day moving average is $2,044.19 and its 200-day moving average is $1,836.97. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year 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 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.