GFS Advisors LLC Buys New Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

GFS Advisors LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 360 shares of the company's stock, valued at approximately $612,000.

Several other large investors also recently bought and sold shares of the business. Jennison Associates LLC increased its position in MercadoLibre by 3.9% in the third quarter. Jennison Associates LLC now owns 1,873,919 shares of the company's stock worth $3,845,207,000 after buying an additional 70,154 shares in the last quarter. FMR LLC grew its stake in shares of MercadoLibre by 18.6% during the 3rd quarter. FMR LLC now owns 878,996 shares of the company's stock valued at $1,803,665,000 after acquiring an additional 137,564 shares during the period. State Street Corp increased its holdings in MercadoLibre by 3.1% in the 3rd quarter. State Street Corp now owns 404,584 shares of the company's stock worth $830,190,000 after acquiring an additional 12,000 shares in the last quarter. Wellington Management Group LLP raised its stake in MercadoLibre by 52.9% during the 3rd quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock worth $717,525,000 after acquiring an additional 120,922 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in MercadoLibre by 205,108.3% during the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock valued at $509,506,000 after purchasing an additional 248,181 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MELI has been the topic of a number of recent analyst reports. Citigroup decreased their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Barclays lowered their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating on the stock in a report on Tuesday, November 12th. Wedbush cut their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Redburn Atlantic started coverage on shares of MercadoLibre in a research note on Friday, October 11th. They set a "buy" rating and a $2,800.00 target price for the company. Finally, New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Buy" and a consensus target price of $2,244.69.

Insider Buying and Selling

In related news, Director Emiliano Calemzuk sold 50 shares of the company's stock in a transaction dated 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 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 at this link. 0.06% of the stock is currently owned by company insiders.

MercadoLibre Stock Down 1.3 %

MELI traded down $25.13 on Friday, hitting $1,922.19. The company had a trading volume of 280,656 shares, compared to its average volume of 293,906. The stock has a market capitalization of $97.46 billion, a price-to-earnings ratio of 67.83, a P/E/G ratio of 1.00 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 stock has a fifty day moving average price of $1,839.63 and a 200-day moving average price of $1,917.75. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,161.73.

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.