State of Wisconsin Investment Board trimmed its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 6.7% during the fourth quarter, Holdings Channel reports. The fund owned 27,935 shares of the company’s stock after selling 2,018 shares during the quarter. State of Wisconsin Investment Board’s holdings in Mercadolibre were worth $8,790,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new stake in shares of Mercadolibre during the third quarter worth about $104,000. Smithfield Trust Co. increased its position in shares of Mercadolibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after acquiring an additional 410 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Mercadolibre during the fourth quarter worth about $202,000. M&T Bank Corp purchased a new stake in shares of Mercadolibre during the fourth quarter worth about $208,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Mercadolibre during the second quarter worth about $198,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Mercadolibre Inc (NASDAQ:MELI) opened at $392.56 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $17,100.38, a P/E ratio of 1,226.75, a PEG ratio of 5.07 and a beta of 2.15. Mercadolibre Inc has a 52-week low of $203.36 and a 52-week high of $395.67.
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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