Rep. Josh Gottheimer Sells Off Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of MercadoLibre, Inc. (NASDAQ:MELI). In a filing disclosed on February 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in MercadoLibre stock on January 27th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of ICF International (NASDAQ:ICFI) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Mastercard (NYSE:MA) on 1/31/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 1/30/2025.

MercadoLibre Stock Performance

Shares of MELI traded down $17.68 during mid-day trading on Wednesday, hitting $2,017.51. The company’s stock had a trading volume of 111,470 shares, compared to its average volume of 320,237. The stock’s 50-day moving average is $1,835.05 and its two-hundred day moving average is $1,936.15. The firm has a market capitalization of $102.29 billion, a PE ratio of 71.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62. 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, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73.

Institutional Trading of MercadoLibre

A number of hedge funds and other institutional investors have recently made changes to their positions in MELI. Allstate Corp bought a new position in MercadoLibre in the 4th quarter worth approximately $2,307,000. DnB Asset Management AS raised its holdings in MercadoLibre by 6.6% during the 4th quarter. DnB Asset Management AS now owns 44,192 shares of the company’s stock worth $75,146,000 after purchasing an additional 2,744 shares during the last quarter. Level Four Advisory Services LLC lifted its position in MercadoLibre by 6.7% during the 4th quarter. Level Four Advisory Services LLC now owns 624 shares of the company’s stock valued at $1,061,000 after purchasing an additional 39 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of MercadoLibre by 51.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,232 shares of the company’s stock valued at $2,095,000 after purchasing an additional 420 shares during the last quarter. Finally, X Square Capital LLC grew its position in shares of MercadoLibre by 64.0% during the 4th quarter. X Square Capital LLC now owns 2,795 shares of the company’s stock worth $4,752,000 after buying an additional 1,091 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on MELI. Cantor Fitzgerald cut their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Wedbush reduced their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Citigroup dropped their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Finally, BTIG Research lowered their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, MercadoLibre has a consensus rating of “Buy” and an average price target of $2,244.69.

Insider Activity at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the transaction, the director now owns 238 shares in the company, valued at $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

MercadoLibre Company 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.