V Square Quantitative Management LLC Has $1.69 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

V Square Quantitative Management LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 992 shares of the company's stock after acquiring an additional 173 shares during the quarter. V Square Quantitative Management LLC's holdings in MercadoLibre were worth $1,687,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pacific Capital Wealth Advisors Inc. increased its holdings in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 8 shares during the last quarter. Optimum Investment Advisors grew its holdings in MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company's stock valued at $35,000 after buying an additional 15 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at $32,000. Finally, Mather Group LLC. grew its holdings in MercadoLibre by 171.4% in the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after buying an additional 12 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of MELI stock traded down $11.24 on Tuesday, hitting $2,098.75. 364,619 shares of the company's stock were exchanged, compared to its average volume of 329,790. 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 12 month low of $1,324.99 and a 12 month high of $2,161.73. The stock has a market cap of $106.40 billion, a P/E ratio of 74.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62. The company has a 50 day moving average of $1,845.83 and a 200 day moving average of $1,948.69.

Analysts Set New Price Targets

MELI has been the topic of a number of research reports. Wedbush decreased their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Citigroup decreased their price objective 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 decreased their price objective 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. Morgan Stanley decreased their price objective on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. reduced their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Two 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's stock. According to data from MarketBeat, MercadoLibre presently has an average rating of "Buy" and a consensus price target of $2,244.69.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction dated 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 transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

MercadoLibre Company 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.