Two Sigma Advisers LP Has $188.17 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Two Sigma Advisers LP boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,700 shares of the company's stock after purchasing an additional 16,100 shares during the quarter. Two Sigma Advisers LP owned 0.18% of MercadoLibre worth $188,165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MELI. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of MercadoLibre by 1,600.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company's stock valued at $28,000 after buying an additional 16 shares in the last quarter. Optimum Investment Advisors raised its position 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 buying an additional 15 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of MercadoLibre in the 2nd quarter valued at approximately $36,000. Quarry LP acquired a new position in shares of MercadoLibre in the 2nd quarter valued at approximately $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 valued at $47,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Trading Down 1.2 %

Shares of NASDAQ:MELI traded down $24.32 during trading on Friday, reaching $1,960.63. The stock had a trading volume of 169,843 shares, compared to its average volume of 368,338. The firm's fifty day moving average is $2,009.14 and its 200 day moving average is $1,874.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. 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 cap of $99.40 billion, a price-to-earnings ratio of 70.04, 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 on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the transaction, the director now owns 238 shares in the company, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of several analyst reports. BTIG Research dropped their target price 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. Citigroup decreased their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Wedbush reaffirmed an "outperform" rating and set a $2,200.00 price target (up from $2,000.00) on shares of MercadoLibre in a report on Thursday, November 7th. Raymond James assumed coverage on shares of MercadoLibre in a report on Friday, September 27th. They set an "outperform" rating and a $2,350.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a "buy" rating in a report on Thursday, August 8th. 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,267.67.

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.