Union Bancaire Privee UBP SA Buys New Position in MercadoLibre, Inc. (NASDAQ:MELI)

Union Bancaire Privee UBP SA purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 866 shares of the company’s stock, valued at approximately $1,493,000.

Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in MercadoLibre by 39.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock valued at $386,000 after acquiring an additional 67 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in MercadoLibre by 26.7% in the second quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company’s stock valued at $47,978,000 after purchasing an additional 6,153 shares during the last quarter. Mackenzie Financial Corp lifted its position in MercadoLibre by 3.0% during the second quarter. Mackenzie Financial Corp now owns 1,727 shares of the company’s stock worth $2,838,000 after buying an additional 51 shares during the period. Algert Global LLC boosted its stake in MercadoLibre by 30.0% in the 2nd quarter. Algert Global LLC now owns 390 shares of the company’s stock worth $641,000 after buying an additional 90 shares during the last quarter. Finally, Creative Planning grew its holdings in MercadoLibre by 44.6% in the 2nd quarter. Creative Planning now owns 6,027 shares of the company’s stock valued at $9,904,000 after buying an additional 1,859 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Up 0.1 %

NASDAQ:MELI opened at $1,846.00 on Tuesday. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The business’s 50-day simple moving average is $1,844.29 and its 200 day simple moving average is $1,913.18. 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 stock has a market cap of $93.59 billion, a price-to-earnings ratio of 65.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Citigroup decreased 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, November 26th. BTIG Research dropped their price objective on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price on the stock in a report on Tuesday, January 21st. Finally, Barclays dropped their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,241.00.

Insider Buying and Selling at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated 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 owns 238 shares of the company’s stock, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.