Crescent Grove Advisors LLC Raises Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Crescent Grove Advisors LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 135 shares of the company’s stock after buying an additional 8 shares during the quarter. Crescent Grove Advisors LLC’s holdings in MercadoLibre were worth $230,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. boosted its stake in shares of MercadoLibre by 6.7% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 1,426 shares of the company’s stock valued at $2,425,000 after acquiring an additional 90 shares during the last quarter. Asio Capital LLC boosted its stake in shares of MercadoLibre by 47.2% during the 4th quarter. Asio Capital LLC now owns 2,414 shares of the company’s stock worth $4,105,000 after purchasing an additional 774 shares during the last quarter. Jacksonville Wealth Management LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth about $576,000. Flagship Harbor Advisors LLC raised its position in shares of MercadoLibre by 6.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 629 shares of the company’s stock valued at $1,070,000 after buying an additional 40 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its stake in shares of MercadoLibre by 9.9% during the fourth quarter. Toth Financial Advisory Corp now owns 222 shares of the company’s stock valued at $377,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MELI. JPMorgan Chase & Co. cut their price target 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. Barclays dropped their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Morgan Stanley decreased their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Citigroup dropped their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Finally, Wedbush decreased their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,241.00.

Insider Buying and Selling

In other 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 transaction of $99,249.00. Following the sale, the director now owns 238 shares in the company, valued at $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

MercadoLibre Trading Up 0.8 %

NASDAQ:MELI opened at $1,843.45 on Monday. The business’s 50-day moving average is $1,844.29 and its two-hundred day moving average is $1,911.72. The firm has a market capitalization of $93.46 billion, a PE ratio of 65.05, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

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.