Stableford Capital II LLC Raises Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Stableford Capital II LLC raised its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,637 shares of the company's stock after buying an additional 185 shares during the period. MercadoLibre accounts for 1.1% of Stableford Capital II LLC's holdings, making the stock its 23rd largest holding. Stableford Capital II LLC's holdings in MercadoLibre were worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of MELI. Pacific Capital Wealth Advisors Inc. grew its holdings in 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 period. Heck Capital Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at about $32,000. Optimum Investment Advisors increased its position 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. Grove Bank & Trust boosted its holdings in MercadoLibre by 120.0% in the fourth quarter. Grove Bank & Trust now owns 22 shares of the company's stock worth $37,000 after acquiring an additional 12 shares in the last quarter. Finally, Quarry LP bought a new position in shares of MercadoLibre in the second quarter valued at $43,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MELI. Barclays decreased their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating for the company in a report on Tuesday, November 12th. Redburn Atlantic initiated coverage on shares of MercadoLibre in a research report on Friday, October 11th. They issued a "buy" rating and a $2,800.00 price objective for the company. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a report on Thursday. Cantor Fitzgerald lowered 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 report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price objective on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating for the company 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $2,244.69.

MercadoLibre Price Performance

NASDAQ MELI traded down $25.13 on Friday, reaching $1,922.19. 280,656 shares of the company's stock traded hands, compared to its average volume of 293,906. The stock has a market cap of $97.46 billion, a PE ratio of 67.83, a P/E/G ratio of 1.00 and a beta of 1.60. 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 50-day simple moving average of $1,839.63 and a 200 day simple moving average of $1,917.75.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the company'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 transaction of $99,249.00. Following the completion of the transaction, the director now owns 238 shares in the company, valued at $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.06% of the company's stock.

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.