MercadoLibre, Inc. (NASDAQ:MELI) Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,652 shares of the company's stock after buying an additional 451 shares during the quarter. Quantinno Capital Management LP's holdings in MercadoLibre were worth $7,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in MercadoLibre by 1,600.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company's stock valued at $28,000 after purchasing an additional 16 shares during the period. Optimum Investment Advisors boosted its holdings in shares of 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 purchasing an additional 15 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in shares of MercadoLibre during the 2nd quarter valued at $36,000. Quarry LP acquired a new stake in shares of MercadoLibre during the 2nd quarter worth $43,000. Finally, Legacy Bridge LLC raised its position in shares of MercadoLibre by 53.3% in the 3rd quarter. Legacy Bridge LLC now owns 23 shares of the company's stock worth $47,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the subject of several research analyst reports. Susquehanna upped their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a "positive" rating in a research note on Wednesday, August 28th. StockNews.com downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Saturday, August 10th. BTIG Research reduced their price target 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. The Goldman Sachs Group increased their price objective on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Finally, Morgan Stanley cut their target price on shares of 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. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $2,267.67.

MercadoLibre Stock Down 1.9 %

NASDAQ MELI traded down $37.77 during mid-day trading on Friday, reaching $1,947.18. 310,961 shares of the company's stock traded hands, compared to its average volume of 368,960. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73. The company has a fifty day simple moving average of $2,009.14 and a 200-day simple moving average of $1,874.33. The company has a market cap of $98.72 billion, a price-to-earnings ratio of 68.71, a P/E/G ratio of 1.31 and a beta of 1.57.

Insider Activity

In related news, Director Emiliano Calemzuk sold 50 shares of the business's 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 sale, the director now directly owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company's stock.

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.