Asio Capital LLC Buys 774 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Asio Capital LLC grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 47.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,414 shares of the company’s stock after acquiring an additional 774 shares during the period. Asio Capital LLC’s holdings in MercadoLibre were worth $4,105,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in MercadoLibre by 39.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock worth $386,000 after acquiring an additional 67 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of MercadoLibre by 24.8% during the second quarter. AE Wealth Management LLC now owns 176 shares of the company’s stock valued at $289,000 after purchasing an additional 35 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new position in MercadoLibre during the second quarter valued at approximately $378,000. MBB Public Markets I LLC raised its stake in MercadoLibre by 1,134.5% in the second quarter. MBB Public Markets I LLC now owns 3,222 shares of the company’s stock worth $5,295,000 after buying an additional 2,961 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in MercadoLibre by 26.7% in the second quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company’s stock worth $47,978,000 after buying an additional 6,153 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MELI shares. Wedbush cut their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Barclays reduced their target price on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Cantor Fitzgerald lowered their price target on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced 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 research note on Wednesday, January 8th. Finally, 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 research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,241.00.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction 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 trade represents a 17.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

MercadoLibre Trading Up 0.8 %

MercadoLibre stock opened at $1,843.45 on Friday. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. The stock has a 50-day moving average price of $1,844.29 and a 200 day moving average price of $1,910.40. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $93.46 billion, a price-to-earnings ratio of 65.05, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

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.