MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204 shares of the company’s stock after purchasing an additional 18 shares during the period. Qsemble Capital Management LP’s holdings in MercadoLibre were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MELI. B. Riley Wealth Advisors Inc. lifted its position in shares of MercadoLibre by 2.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,022 shares of the company’s stock worth $1,545,000 after purchasing an additional 22 shares in the last quarter. Comerica Bank raised its holdings in MercadoLibre by 14.4% in the first quarter. Comerica Bank now owns 2,068 shares of the company’s stock valued at $3,127,000 after acquiring an additional 260 shares in the last quarter. Swedbank AB acquired a new stake in MercadoLibre in the first quarter valued at $30,037,000. Cetera Investment Advisers raised its holdings in MercadoLibre by 290.7% in the first quarter. Cetera Investment Advisers now owns 5,771 shares of the company’s stock valued at $8,726,000 after acquiring an additional 4,294 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in MercadoLibre by 107.3% in the first quarter. Cetera Advisors LLC now owns 1,988 shares of the company’s stock valued at $3,006,000 after acquiring an additional 1,029 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MELI has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Citigroup cut their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America upped their price target on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Raymond James started coverage on shares of MercadoLibre in a research note on Friday, September 27th. They set an “outperform” rating and a $2,350.00 target price for the company. Finally, Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,267.67.

MercadoLibre Stock Down 3.1 %

MercadoLibre stock opened at $2,044.76 on Thursday. The company has a 50-day simple moving average of $2,024.62 and a 200-day simple moving average of $1,864.25. The firm has a market capitalization of $103.67 billion, a P/E ratio of 72.15, a P/E/G ratio of 1.43 and a beta of 1.61. 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.

About MercadoLibre

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.