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

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the company’s stock after purchasing an additional 100 shares during the period. MercadoLibre accounts for about 0.2% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings, making the stock its 17th biggest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in MercadoLibre were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Human Investing LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its position in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 8 shares during the period. Heck Capital Advisors LLC acquired a new stake in MercadoLibre in the fourth quarter valued at approximately $32,000. Finally, Mather Group LLC. raised its stake in shares of MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company’s stock valued at $32,000 after purchasing an additional 12 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,260.00 on Friday. The company has a market cap of $114.58 billion, a PE ratio of 59.95, a P/E/G ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The firm has a 50-day simple moving average of $1,867.29 and a 200 day simple moving average of $1,957.32. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last posted its 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 return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MELI shares. BTIG Research decreased their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Citigroup cut their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Susquehanna raised their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research note on Friday. Finally, Bank of America upped their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2,364.06.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the company’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 transaction, the director now owns 238 shares in the company, valued at approximately $472,425.24. This represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

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.