MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213 shares of the company’s stock after acquiring an additional 17 shares during the quarter. Stephens Investment Management Group LLC’s holdings in MercadoLibre were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howland Capital Management LLC lifted its stake in MercadoLibre by 0.4% during the fourth quarter. Howland Capital Management LLC now owns 16,544 shares of the company’s stock valued at $28,132,000 after purchasing an additional 58 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of MercadoLibre by 2.0% in the fourth quarter. Empowered Funds LLC now owns 711 shares of the company’s stock valued at $1,209,000 after buying an additional 14 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of MercadoLibre by 16.8% during the 4th quarter. Moloney Securities Asset Management LLC now owns 548 shares of the company’s stock valued at $932,000 after acquiring an additional 79 shares during the last quarter. Advisory Resource Group boosted its stake in shares of MercadoLibre by 13.2% during the 4th quarter. Advisory Resource Group now owns 601 shares of the company’s stock worth $1,022,000 after acquiring an additional 70 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of MercadoLibre by 7.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 459 shares of the company’s stock worth $781,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of several analyst reports. Barclays reduced their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a report on Tuesday, January 21st. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Morgan Stanley decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, MercadoLibre presently has an average rating of “Buy” and an average price target of $2,244.69.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction on 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 directly owns 238 shares in the company, valued at approximately $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by company insiders.

MercadoLibre Price Performance

Shares of MELI opened at $1,996.65 on Monday. 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 firm has a market cap of $101.22 billion, a PE ratio of 70.45, a PEG ratio of 1.06 and a beta of 1.62. The firm’s 50 day moving average price is $1,831.14 and its 200 day moving average price is $1,928.50. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73.

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.