Buckhead Capital Management LLC Buys 15 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Buckhead Capital Management LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255 shares of the company’s stock after buying an additional 15 shares during the quarter. Buckhead Capital Management LLC’s holdings in MercadoLibre were worth $434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clarity Capital Partners LLC grew its stake in shares of MercadoLibre by 13.5% in the 4th quarter. Clarity Capital Partners LLC now owns 218 shares of the company’s stock worth $371,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Inc. OK boosted its holdings in MercadoLibre by 2.4% during the fourth quarter. Capital Advisors Inc. OK now owns 14,024 shares of the company’s stock worth $23,847,000 after purchasing an additional 326 shares during the last quarter. Certuity LLC boosted its holdings in MercadoLibre by 15.2% during the fourth quarter. Certuity LLC now owns 152 shares of the company’s stock worth $258,000 after purchasing an additional 20 shares during the last quarter. Quent Capital LLC grew its position in MercadoLibre by 100.0% in the 4th quarter. Quent Capital LLC now owns 80 shares of the company’s stock worth $136,000 after purchasing an additional 40 shares in the last quarter. Finally, CAP Partners LLC increased its stake in MercadoLibre by 6.5% in the 4th quarter. CAP Partners LLC now owns 345 shares of the company’s stock valued at $587,000 after buying an additional 21 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Up 2.5 %

NASDAQ:MELI opened at $2,066.15 on Friday. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. The stock’s fifty day moving average price is $1,835.63 and its two-hundred day moving average price is $1,936.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a market cap of $104.75 billion, a P/E ratio of 72.91, a P/E/G ratio of 1.06 and a beta of 1.62.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business’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 transaction 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. The trade was a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on MELI. BTIG Research reduced their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Citigroup cut their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a research report on Tuesday, January 21st. Barclays cut their price target on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Finally, Morgan Stanley reduced their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $2,244.69.

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.