MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC grew its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,322 shares of the company's stock after purchasing an additional 484 shares during the period. MercadoLibre makes up approximately 1.6% of Timber Creek Capital Management LLC's holdings, making the stock its 25th biggest position. Timber Creek Capital Management LLC's holdings in MercadoLibre were worth $5,649,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Human Investing LLC purchased a new stake in MercadoLibre in the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. grew its position in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 8 shares in the last quarter. Heck Capital Advisors LLC bought a new position in MercadoLibre in the fourth quarter worth $32,000. Finally, Mather Group LLC. lifted its holdings in shares of MercadoLibre by 171.4% during the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after acquiring an additional 12 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now owns 238 shares of the company's stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company's stock.

MercadoLibre Price Performance

MELI stock traded up $149.53 during mid-day trading on Friday, hitting $2,260.00. 1,256,768 shares of the stock were exchanged, compared to its average volume of 371,354. The stock has a market capitalization of $114.58 billion, a price-to-earnings ratio of 79.75, a PEG ratio of 1.10 and a beta of 1.62. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The business has a fifty day moving average price of $1,858.57 and a 200 day moving average price of $1,952.94. 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 (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 7.57% and a return on equity of 40.71%. The firm had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 32.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MELI. Morgan Stanley dropped their target price 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. Barclays upped their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Friday. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. BTIG Research cut 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 report on Thursday, November 7th. Finally, Cantor Fitzgerald increased their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $2,364.06.

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.