MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Investmentaktiengesellschaft Fuer Langfristige Investoren TGV

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 7.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,500 shares of the company’s stock after buying an additional 100 shares during the period. MercadoLibre comprises approximately 0.2% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings, making the stock its 17th largest position. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in MercadoLibre were worth $2,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swedbank AB raised its holdings in MercadoLibre by 352.8% during the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Signaturefd LLC increased its position in shares of MercadoLibre by 7.0% during the 3rd quarter. Signaturefd LLC now owns 260 shares of the company’s stock valued at $534,000 after purchasing an additional 17 shares during the period. Greenleaf Trust bought a new stake in shares of MercadoLibre in the 3rd quarter worth $271,000. Dakota Wealth Management lifted its holdings in shares of MercadoLibre by 156.8% in the third quarter. Dakota Wealth Management now owns 2,545 shares of the company’s stock valued at $5,222,000 after buying an additional 1,554 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in MercadoLibre by 30.4% during the third quarter. Tectonic Advisors LLC now owns 163 shares of the company’s stock valued at $334,000 after buying an additional 38 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays upped their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday. Wedbush cut their price objective 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. Finally, New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of “Buy” and an average target price of $2,364.06.

Insiders Place Their Bets

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the business’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 sale, the director now directly owns 238 shares of the company’s stock, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI opened at $2,260.00 on Friday. The company has a market capitalization of $114.58 billion, a PE ratio of 59.95, a PEG ratio of 1.12 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. The company’s 50 day moving average price is $1,867.29 and its 200 day moving average price is $1,957.32. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

MercadoLibre 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.