Bank of Montreal Can Decreases Position in Mercadolibre Inc (MELI)

Bank of Montreal Can cut its stake in shares of Mercadolibre Inc (NASDAQ:MELI) by 82.1% during the 4th quarter, Holdings Channel reports. The firm owned 4,927 shares of the company’s stock after selling 22,661 shares during the period. Bank of Montreal Can’s holdings in Mercadolibre were worth $1,550,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MELI. KAMES CAPITAL plc bought a new stake in shares of Mercadolibre during the 4th quarter valued at approximately $49,860,000. Carmignac Gestion grew its holdings in shares of Mercadolibre by 6.3% during the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after purchasing an additional 144,451 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Mercadolibre by 14.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock valued at $266,559,000 after purchasing an additional 126,452 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Mercadolibre by 294.2% during the 3rd quarter. Legal & General Group Plc now owns 167,348 shares of the company’s stock valued at $43,332,000 after purchasing an additional 124,892 shares during the last quarter. Finally, USS Investment Management Ltd bought a new stake in shares of Mercadolibre during the 4th quarter valued at approximately $26,276,000. 89.21% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on MELI shares. Credit Suisse Group boosted their target price on shares of Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Barclays reduced their target price on shares of Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and set a $268.00 target price on shares of Mercadolibre in a report on Monday, October 23rd. BidaskClub lowered shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $307.58.

In other news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is currently owned by insiders.

Mercadolibre Inc (NASDAQ:MELI) opened at $375.71 on Thursday. The stock has a market cap of $16,590.00, a P/E ratio of 124.82, a PEG ratio of 4.63 and a beta of 2.15. Mercadolibre Inc has a 1 year low of $190.07 and a 1 year high of $395.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43.

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About Mercadolibre

MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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