MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Truefg LLC

Truefg LLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 25.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269 shares of the company’s stock after acquiring an additional 55 shares during the quarter. Truefg LLC’s holdings in MercadoLibre were worth $457,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MELI. Dimensional Fund Advisors LP raised its holdings in MercadoLibre by 39.9% in the second quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock valued at $386,000 after acquiring an additional 67 shares in the last quarter. E Fund Management Co. Ltd. increased its stake in MercadoLibre by 11.1% in the second quarter. E Fund Management Co. Ltd. now owns 471 shares of the company’s stock valued at $774,000 after purchasing an additional 47 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in MercadoLibre by 265.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 4,046 shares of the company’s stock valued at $6,649,000 after purchasing an additional 2,939 shares during the last quarter. Argent Trust Co purchased a new position in MercadoLibre in the second quarter valued at approximately $247,000. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in MercadoLibre by 2.9% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,439 shares of the company’s stock valued at $4,008,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Buying and Selling

In other news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on MELI. Raymond James began coverage on shares of MercadoLibre in a research note on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 price target on the stock. Barclays decreased their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. 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 report on Thursday, November 7th. Finally, Redburn Atlantic began coverage on MercadoLibre in a research note on Friday, October 11th. They set a “buy” rating and a $2,800.00 price target for the company. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,247.67.

MercadoLibre Price Performance

Shares of MELI opened at $1,837.18 on Friday. The company has a market cap of $93.15 billion, a P/E ratio of 64.83, a PEG ratio of 0.92 and a beta of 1.60. The stock has a fifty day moving average price of $1,853.04 and a 200 day moving average price of $1,901.98. 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 12 month low of $1,324.99 and a 12 month high of $2,161.73.

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.