MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Waverton Investment Management Ltd

Waverton Investment Management Ltd increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,358 shares of the company's stock after acquiring an additional 222 shares during the quarter. Waverton Investment Management Ltd's holdings in MercadoLibre were worth $36,334,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MELI. Human Investing LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. raised its holdings in shares of MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 8 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $32,000. Finally, Mather Group LLC. raised its stake in MercadoLibre by 171.4% in the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after acquiring an additional 12 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MELI. Citigroup dropped their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Wedbush decreased their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley decreased 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 report on Monday, November 11th. Finally, Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday. Two investment 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, the company currently has an average rating of "Buy" and a consensus price target of $2,364.06.

MercadoLibre Trading Down 1.6 %

MercadoLibre stock traded down $36.65 during midday trading on Monday, hitting $2,223.35. 513,850 shares of the stock were exchanged, compared to its average volume of 375,438. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $112.72 billion, a price-to-earnings ratio of 58.97, a PEG ratio of 1.12 and a beta of 1.62. The stock's 50-day simple moving average is $1,867.29 and its 200 day simple moving average is $1,958.01. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Insider Buying and Selling

In related 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 completion of the transaction, the director now owns 238 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.