MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374 shares of the company’s stock after acquiring an additional 17 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in MercadoLibre were worth $687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of MercadoLibre by 11.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 861 shares of the company’s stock worth $1,464,000 after purchasing an additional 85 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in MercadoLibre by 22.1% during the fourth quarter. Atomi Financial Group Inc. now owns 1,212 shares of the company’s stock worth $2,061,000 after buying an additional 219 shares during the period. Alpha Cubed Investments LLC increased its position in shares of MercadoLibre by 16.5% during the fourth quarter. Alpha Cubed Investments LLC now owns 269 shares of the company’s stock valued at $457,000 after acquiring an additional 38 shares during the last quarter. Legal Advantage Investments Inc. raised its stake in shares of MercadoLibre by 14.6% in the 4th quarter. Legal Advantage Investments Inc. now owns 1,571 shares of the company’s stock valued at $2,671,000 after acquiring an additional 200 shares during the period. Finally, Solidarity Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $510,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MELI. BTIG Research cut their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald decreased their target price on 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. Wedbush dropped their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,241.00.

Insider Buying and Selling

In related news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction 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 sale, the director now directly owns 238 shares in the company, valued at $472,425.24. This trade represents a 17.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

MercadoLibre Stock Down 0.1 %

Shares of NASDAQ MELI opened at $1,834.51 on Wednesday. The business has a 50-day moving average of $1,851.08 and a two-hundred day moving average of $1,909.26. The company has a market capitalization of $93.01 billion, a price-to-earnings ratio of 64.73, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. 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 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.