OppenheimerFunds Inc. decreased its stake in shares of Mercadolibre Inc (NASDAQ:MELI) by 11.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 114,980 shares of the company’s stock after selling 14,140 shares during the period. OppenheimerFunds Inc.’s holdings in Mercadolibre were worth $36,179,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MELI. Fieldpoint Private Securities LLC purchased a new position in shares of Mercadolibre during the third quarter valued at approximately $104,000. Smithfield Trust Co. boosted its position in Mercadolibre by 1,025.0% in the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after purchasing an additional 410 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Mercadolibre in the second quarter worth $198,000. Kovack Advisors Inc. purchased a new position in Mercadolibre in the fourth quarter worth $202,000. Finally, M&T Bank Corp purchased a new position in Mercadolibre in the fourth quarter worth $208,000. 88.49% of the stock is currently owned by institutional investors.
Mercadolibre Inc (NASDAQ MELI) opened at $387.97 on Thursday. Mercadolibre Inc has a 1 year low of $203.36 and a 1 year high of $399.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.43 and a current ratio of 1.33. The company has a market capitalization of $16,578.44, a price-to-earnings ratio of 147.81, a PEG ratio of 5.30 and a beta of 2.15.
Mercadolibre Company Profile
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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