Nvwm LLC Boosts Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Nvwm LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,137 shares of the company’s stock after buying an additional 6 shares during the quarter. Nvwm LLC’s holdings in MercadoLibre were worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MELI. Public Employees Retirement System of Ohio bought a new stake in MercadoLibre during the 3rd quarter worth approximately $114,417,000. Principal Financial Group Inc. increased its stake in shares of MercadoLibre by 20.9% in the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company’s stock worth $121,948,000 after purchasing an additional 10,272 shares in the last quarter. KBC Group NV raised its position in shares of MercadoLibre by 205.5% during the 3rd quarter. KBC Group NV now owns 26,279 shares of the company’s stock valued at $53,923,000 after purchasing an additional 17,677 shares during the period. Nordea Investment Management AB lifted its stake in shares of MercadoLibre by 37.8% during the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company’s stock valued at $271,897,000 after buying an additional 43,215 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in MercadoLibre by 40.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company’s stock worth $5,598,000 after buying an additional 780 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Insider Transactions at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The sale 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 Stock Performance

Shares of NASDAQ:MELI opened at $1,966.41 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,161.73. The company has a market capitalization of $99.70 billion, a price-to-earnings ratio of 69.39, a PEG ratio of 1.02 and a beta of 1.62. The firm’s 50-day moving average is $1,832.94 and its 200 day moving average is $1,923.74.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Barclays dropped their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Wedbush reduced their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, BTIG Research reduced their price target on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. 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. According to MarketBeat, MercadoLibre currently has an average rating of “Buy” and an average target price of $2,244.69.

About MercadoLibre

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.