Charles Schwab Investment Management Inc. has disclosed its stock holdings in MercadoLibre, Inc. (NASDAQ:MELI), revealing a decrease of 3.6% in its position during the third quarter, as reported to the Securities and Exchange Commission. The institutional investor now holds 6,265 shares of the company’s stock, with a value of $7,943,000.

Other hedge funds have also made significant changes to their positions in MercadoLibre. California Public Employees Retirement System increased its holdings by 1.5%, now owning 89,312 shares valued at $113,237,000. Equitable Trust Co. saw a staggering 584.1% increase in its stake, now holding 1,594 shares worth $2,021,000. WCM Investment Management LLC experienced a remarkable 6,564.6% surge, now owning 665,189 shares valued at $842,508,000. Banque Cantonale Vaudoise and Csenge Advisory Group also saw substantial increases in their positions in MercadoLibre during the third quarter.

With institutional investors and hedge funds owning 80.01% of the stock, MercadoLibre’s stock saw a 1.1% increase, opening at $1,612.75 on Friday. The company’s financial indicators include a debt-to-equity ratio of 0.72, a market capitalization of $81.77 billion, and a price-to-earnings ratio of 82.54. MercadoLibre’s stock has shown a 1-year low of $1,063.02 and a 1-year high of $1,825.00, with a fifty-day moving average price of $1,671.59 and a 200-day moving average price of $1,479.18.