478 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by KPP Advisory Services LLC

KPP Advisory Services LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 478 shares of the company's stock, valued at approximately $813,000.

A number of other hedge funds also recently added to or reduced their stakes in MELI. Jennison Associates LLC raised its stake in shares of MercadoLibre by 3.9% during the third quarter. Jennison Associates LLC now owns 1,873,919 shares of the company's stock valued at $3,845,207,000 after purchasing an additional 70,154 shares in the last quarter. FMR LLC grew its holdings in MercadoLibre by 18.6% during the third quarter. FMR LLC now owns 878,996 shares of the company's stock worth $1,803,665,000 after acquiring an additional 137,564 shares during the period. State Street Corp grew its holdings in MercadoLibre by 3.1% during the third 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 during the period. Wellington Management Group LLP grew its holdings in MercadoLibre by 52.9% during the third 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 grew 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 worth $509,506,000 after acquiring an additional 248,181 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Emiliano Calemzuk sold 50 shares of the business'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 sale, the director now directly owns 238 shares in the company, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MELI has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price target on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Citigroup dropped their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. BTIG Research dropped their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, Redburn Atlantic began coverage on MercadoLibre in a research note on Friday, October 11th. They issued a "buy" rating and a $2,800.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of "Buy" and an average target price of $2,244.69.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,922.19 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The business's 50 day moving average is $1,839.63 and its two-hundred day moving average is $1,917.75. The company has a market cap of $97.46 billion, a P/E ratio of 67.83, a P/E/G ratio of 1.02 and a beta of 1.62. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,161.73.

MercadoLibre 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.

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