Angeles Investment Advisors LLC Has $295,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Angeles Investment Advisors LLC boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144 shares of the company’s stock after purchasing an additional 9 shares during the period. Angeles Investment Advisors LLC’s holdings in MercadoLibre were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MELI. GQG Partners LLC raised its stake in MercadoLibre by 442.2% in the first quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock valued at $1,201,679,000 after buying an additional 648,198 shares during the period. International Assets Investment Management LLC raised its stake in MercadoLibre by 205,108.3% in the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company’s stock valued at $509,506,000 after buying an additional 248,181 shares during the period. Price T Rowe Associates Inc. MD raised its stake in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock valued at $1,167,073,000 after buying an additional 232,787 shares during the period. Strategic Financial Concepts LLC bought a new stake in MercadoLibre in the second quarter valued at approximately $2,913,000. Finally, Janus Henderson Group PLC raised its stake in MercadoLibre by 55.8% in the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock valued at $557,225,000 after buying an additional 132,028 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MELI stock traded down $27.22 during trading hours on Wednesday, reaching $1,950.17. The company’s stock had a trading volume of 38,090 shares, compared to its average volume of 365,037. The firm’s 50 day simple moving average is $2,044.19 and its 200-day simple moving average is $1,836.97. The company has a market capitalization of $98.87 billion, a price-to-earnings ratio of 68.85, a PEG ratio of 1.31 and a beta of 1.61. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MELI shares. Wedbush restated an “outperform” rating and issued a $2,200.00 price objective (up previously from $2,000.00) on shares of MercadoLibre in a research note on Thursday, November 7th. Bank of America increased their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. BTIG Research lowered their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Susquehanna increased their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research note on Wednesday, August 28th. Finally, Citigroup raised their price objective on MercadoLibre from $2,200.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $2,269.67.

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.