AEGON ASSET MANAGEMENT UK Plc Raises Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

AEGON ASSET MANAGEMENT UK Plc raised its stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 92.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,810 shares of the company’s stock after purchasing an additional 15,240 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.06% of MercadoLibre worth $54,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of MercadoLibre by 39.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock worth $386,000 after purchasing an additional 67 shares in the last quarter. AE Wealth Management LLC boosted its holdings in MercadoLibre by 24.8% in the second quarter. AE Wealth Management LLC now owns 176 shares of the company’s stock worth $289,000 after acquiring an additional 35 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of MercadoLibre by 29.6% during the second quarter. EverSource Wealth Advisors LLC now owns 70 shares of the company’s stock worth $117,000 after acquiring an additional 16 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new position in shares of MercadoLibre during the second quarter valued at about $378,000. Finally, MBB Public Markets I LLC raised its position in shares of MercadoLibre by 1,134.5% in the 2nd quarter. MBB Public Markets I LLC now owns 3,222 shares of the company’s stock valued at $5,295,000 after purchasing an additional 2,961 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MELI has been the topic of several research analyst reports. Redburn Atlantic started coverage on shares of MercadoLibre in a research report on Friday, October 11th. They set a “buy” rating and a $2,800.00 target price on the stock. 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 reduced their target price on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Wedbush dropped their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,241.00.

Read Our Latest Stock Analysis on MercadoLibre

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,843.45 on Friday. The company has a market capitalization of $93.46 billion, a PE ratio of 65.05, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. 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 company’s fifty day moving average price is $1,844.29 and its 200 day moving average price is $1,910.40. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73.

Insider Transactions at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction that occurred on 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 directly owns 238 shares of the company’s stock, valued at $472,425.24. This represents a 17.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.06% of the company’s stock.

MercadoLibre Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELIFree Report).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.