MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Legacy Bridge LLC

Legacy Bridge LLC raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 53.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23 shares of the company’s stock after acquiring an additional 8 shares during the period. Legacy Bridge LLC’s holdings in MercadoLibre were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC increased its position in MercadoLibre by 56.2% during the first quarter. Orion Portfolio Solutions LLC now owns 764 shares of the company’s stock worth $1,155,000 after buying an additional 275 shares during the period. Vanguard Group Inc. grew its holdings in shares of MercadoLibre by 4.1% during the first quarter. Vanguard Group Inc. now owns 189,860 shares of the company’s stock worth $287,061,000 after buying an additional 7,468 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of MercadoLibre by 124.2% during the first quarter. Edgestream Partners L.P. now owns 370 shares of the company’s stock worth $559,000 after buying an additional 205 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in MercadoLibre by 9.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,923 shares of the company’s stock valued at $2,907,000 after acquiring an additional 167 shares during the period. Finally, Seven Eight Capital LP purchased a new stake in MercadoLibre during the 1st quarter valued at approximately $584,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,916.12 on Tuesday. The stock has a fifty day moving average price of $2,035.34 and a 200 day moving average price of $1,849.25. 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 stock has a market cap of $97.15 billion, a PE ratio of 67.61, a P/E/G ratio of 1.28 and a beta of 1.61. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MELI. Bank of America boosted their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group boosted their price objective on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Raymond James assumed coverage on shares of MercadoLibre in a research note on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price target on the stock. Finally, Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,269.67.

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.