Stephens Investment Management Group LLC Purchases 17 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Stephens Investment Management Group LLC raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.7% in the fourth quarter, Holdings Channel reports. The fund owned 213 shares of the company’s stock after buying an additional 17 shares during the quarter. Stephens Investment Management Group LLC’s holdings in MercadoLibre were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in MELI. Dimensional Fund Advisors LP grew 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 buying an additional 67 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of MercadoLibre by 253.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 364 shares of the company’s stock worth $746,000 after acquiring an additional 261 shares during the last quarter. Valeo Financial Advisors LLC increased its position in MercadoLibre by 27.0% during the third quarter. Valeo Financial Advisors LLC now owns 414 shares of the company’s stock worth $850,000 after acquiring an additional 88 shares during the period. Lion Street Advisors LLC bought a new stake in MercadoLibre in the 3rd quarter valued at $218,000. Finally, First Affirmative Financial Network acquired a new stake in MercadoLibre in the 3rd quarter worth $238,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of research analyst reports. BTIG Research cut their price objective on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald lowered their price objective on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Wedbush cut their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two 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 company’s stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Buy” and an average target price of $2,244.69.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction that occurred 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 owns 238 shares of the company’s stock, valued at $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

MercadoLibre Trading Down 0.8 %

MELI stock opened at $1,996.65 on Monday. The business has a fifty day moving average price of $1,831.14 and a 200 day moving average price of $1,928.50. 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, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The stock has a market capitalization of $101.22 billion, a price-to-earnings ratio of 70.45, a P/E/G ratio of 1.06 and a beta of 1.62.

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.