MercadoLibre, Inc. (NASDAQ:MELI) Stake Lessened by Boston Common Asset Management LLC

Boston Common Asset Management LLC lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,595 shares of the company's stock after selling 198 shares during the period. Boston Common Asset Management LLC's holdings in MercadoLibre were worth $7,814,000 as of its most recent SEC filing.

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

MercadoLibre Stock Down 0.1 %

Shares of NASDAQ MELI traded down $1.18 during mid-day trading on Friday, hitting $1,836.00. The company had a trading volume of 245,067 shares, compared to its average volume of 364,653. The business's 50-day simple moving average is $1,853.58 and its 200 day simple moving average is $1,903.18. 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 1-year low of $1,324.99 and a 1-year high of $2,161.73. The company has a market capitalization of $93.09 billion, a PE ratio of 64.78, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Wednesday, January 8th. Raymond James initiated coverage on MercadoLibre in a research note on Friday, September 27th. They issued an "outperform" rating and a $2,350.00 price target on the stock. BTIG Research lowered their price objective on shares of 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. Cantor Fitzgerald cut their price target 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 initiated 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 on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average target price of $2,247.67.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the company'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. This represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.