MercadoLibre, Inc. (NASDAQ:MELI) Position Increased by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,293 shares of the company's stock after buying an additional 1,754 shares during the quarter. Osborne Partners Capital Management LLC's holdings in MercadoLibre were worth $14,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in MercadoLibre by 4.6% during the fourth quarter. DAVENPORT & Co LLC now owns 5,009 shares of the company's stock worth $8,518,000 after acquiring an additional 222 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in MercadoLibre by 5.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,388 shares of the company's stock worth $2,360,000 after acquiring an additional 77 shares during the last quarter. Stableford Capital II LLC increased its stake in MercadoLibre by 12.7% during the fourth quarter. Stableford Capital II LLC now owns 1,637 shares of the company's stock worth $2,784,000 after acquiring an additional 185 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in MercadoLibre by 28.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 825 shares of the company's stock worth $1,403,000 after acquiring an additional 182 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $32,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MELI shares. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on 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. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and increased their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday. Wedbush lowered their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Finally, Barclays lowered their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating for the company in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $2,244.69.

Insiders Place Their Bets

In related news, Director Emiliano Calemzuk sold 50 shares of the firm'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 value of $99,249.00. Following 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 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 company insiders.

MercadoLibre Stock Performance

NASDAQ:MELI traded down $25.13 during trading hours on Friday, reaching $1,922.19. 280,656 shares of the stock were exchanged, compared to its average volume of 293,906. 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 firm has a 50 day simple moving average of $1,839.63 and a 200-day simple moving average of $1,917.75. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. The stock has a market capitalization of $97.46 billion, a P/E ratio of 67.83, a P/E/G ratio of 1.00 and a beta of 1.60.

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.