Sarasin & Partners LLP Purchases 662 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Sarasin & Partners LLP grew its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,516 shares of the company's stock after purchasing an additional 662 shares during the period. MercadoLibre makes up approximately 1.2% of Sarasin & Partners LLP's holdings, making the stock its 25th largest holding. Sarasin & Partners LLP owned approximately 0.13% of MercadoLibre worth $111,406,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MELI. Public Employees Retirement System of Ohio acquired a new position in MercadoLibre in the third quarter valued at about $114,417,000. Principal Financial Group Inc. boosted its holdings in shares of MercadoLibre by 20.9% in the 3rd quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock worth $121,948,000 after acquiring an additional 10,272 shares in the last quarter. KBC Group NV grew its position in MercadoLibre by 205.5% during the 3rd quarter. KBC Group NV now owns 26,279 shares of the company's stock worth $53,923,000 after acquiring an additional 17,677 shares during the last quarter. Nordea Investment Management AB raised its position in MercadoLibre by 37.8% in the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock valued at $271,897,000 after purchasing an additional 43,215 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in MercadoLibre by 40.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company's stock valued at $5,598,000 after purchasing an additional 780 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre 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 value of $99,249.00. Following the transaction, the director now owns 238 shares of the company's stock, valued at approximately $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 SEC, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.

MercadoLibre Trading Down 0.1 %

MELI traded down $1.18 during mid-day trading on Monday, hitting $1,836.00. The stock had a trading volume of 245,067 shares, compared to its average volume of 364,653. The stock's fifty day simple moving average is $1,853.58 and its 200-day simple moving average is $1,907.54. The firm has a market capitalization of $93.09 billion, a price-to-earnings ratio of 64.78, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MELI. Raymond James initiated coverage on MercadoLibre in a research note on Friday, September 27th. They issued an "outperform" rating and a $2,350.00 target price for the company. 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 note on Monday, November 11th. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. BTIG Research dropped their price objective on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, 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 research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus target price of $2,247.67.

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.