1,898 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,898 shares of the company's stock, valued at approximately $3,895,000.

A number of other large investors have also modified their holdings of the company. Capital World Investors raised its position in shares of MercadoLibre by 12.7% during the first quarter. Capital World Investors now owns 845,749 shares of the company's stock worth $1,278,738,000 after purchasing an additional 95,029 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company's stock valued at $1,167,073,000 after acquiring an additional 232,787 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in MercadoLibre by 55.8% in the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company's stock worth $557,225,000 after purchasing an additional 132,028 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of MercadoLibre by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 323,570 shares of the company's stock valued at $531,755,000 after acquiring an additional 11,265 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of MercadoLibre by 17.0% in the second quarter. Royal London Asset Management Ltd. now owns 277,206 shares of the company's stock valued at $455,560,000 after purchasing an additional 40,361 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research reports. Cantor Fitzgerald dropped their price objective 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. 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. Susquehanna boosted their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a "positive" rating in a research note on Wednesday, August 28th. Wedbush reiterated an "outperform" rating and set a $2,200.00 price objective (up from $2,000.00) on shares of MercadoLibre in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,269.67.

MercadoLibre Stock Down 0.1 %

Shares of MELI stock traded down $2.51 on Wednesday, hitting $1,914.00. 237,531 shares of the stock were exchanged, compared to its average volume of 367,459. The firm has a market capitalization of $97.04 billion, a P/E ratio of 67.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61. The business has a 50-day moving average of $2,033.32 and a 200 day moving average of $1,851.27. 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 fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73.

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.