Sarasin & Partners LLP Boosts Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Sarasin & Partners LLP raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,516 shares of the company’s stock after purchasing an additional 662 shares during the quarter. MercadoLibre accounts for approximately 1.2% of Sarasin & Partners LLP’s investment portfolio, making the stock its 25th biggest holding. Sarasin & Partners LLP owned 0.13% of MercadoLibre worth $111,406,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Optimum Investment Advisors boosted its stake in shares of MercadoLibre by 750.0% during the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock worth $35,000 after acquiring an additional 15 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of MercadoLibre by 120.0% during the 4th quarter. Grove Bank & Trust now owns 22 shares of the company’s stock worth $37,000 after acquiring an additional 12 shares in the last quarter. Quarry LP purchased a new stake in shares of MercadoLibre during the 2nd quarter worth about $43,000. Legacy Bridge LLC boosted its stake in shares of MercadoLibre by 53.3% during the 3rd quarter. Legacy Bridge LLC now owns 23 shares of the company’s stock worth $47,000 after acquiring an additional 8 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of MercadoLibre by 123.1% during the 4th quarter. GAMMA Investing LLC now owns 29 shares of the company’s stock worth $49,000 after purchasing an additional 16 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 0.1 %

Shares of NASDAQ MELI opened at $1,836.00 on Monday. The company has a 50 day simple moving average of $1,853.58 and a 200-day simple moving average of $1,905.33. The company has a market capitalization of $93.09 billion, a P/E ratio of 64.78, a P/E/G ratio of 0.92 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BTIG Research reduced their price target on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Raymond James assumed coverage on shares of MercadoLibre in a research report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price target for the company. Barclays reduced their price target on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,247.67.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the 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 transaction of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

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.