Yarbrough Capital LLC Takes $4.40 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Yarbrough Capital LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,590 shares of the company's stock, valued at approximately $4,404,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. Optimum Investment Advisors raised its holdings in shares of MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company's stock worth $35,000 after acquiring an additional 15 shares during the last quarter. Quarry LP purchased a new position in shares of MercadoLibre during the second quarter valued at approximately $43,000. Legacy Bridge LLC grew its holdings in MercadoLibre by 53.3% during the third quarter. Legacy Bridge LLC now owns 23 shares of the company's stock worth $47,000 after buying an additional 8 shares in the last quarter. GAMMA Investing LLC grew its holdings in MercadoLibre by 123.1% during the fourth quarter. GAMMA Investing LLC now owns 29 shares of the company's stock worth $49,000 after buying an additional 16 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in MercadoLibre by 35.0% during the 3rd quarter. NBC Securities Inc. now owns 27 shares of the company's stock valued at $55,000 after acquiring an additional 7 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Insider Transactions at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 238 shares of the company's stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on MELI shares. Wedbush decreased their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Citigroup decreased their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. Barclays lowered their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 12th. BTIG Research reduced their price target 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, Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,247.67.

MercadoLibre Trading Up 0.2 %

Shares of NASDAQ MELI traded up $4.17 during mid-day trading on Friday, hitting $1,841.35. The stock had a trading volume of 132,396 shares, compared to its average volume of 328,005. The firm has a market cap of $93.36 billion, a P/E ratio of 64.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60. The business has a 50 day moving average price of $1,853.04 and a two-hundred day moving average price of $1,901.98. 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 1 year low of $1,324.99 and a 1 year high of $2,161.73.

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.