MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,160 shares of the company’s stock after buying an additional 30 shares during the period. Csenge Advisory Group’s holdings in MercadoLibre were worth $1,972,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nkcfo LLC acquired a new position in MercadoLibre during the 4th quarter valued at about $170,000. Allworth Financial LP boosted its position in shares of MercadoLibre by 102.7% during the 4th quarter. Allworth Financial LP now owns 687 shares of the company’s stock valued at $1,250,000 after purchasing an additional 348 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of MercadoLibre by 169,952.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 181,956 shares of the company’s stock valued at $309,405,000 after purchasing an additional 181,849 shares in the last quarter. Montag A & Associates Inc. boosted its position in shares of MercadoLibre by 2.1% during the 4th quarter. Montag A & Associates Inc. now owns 385 shares of the company’s stock valued at $655,000 after purchasing an additional 8 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of MercadoLibre by 3.9% during the 4th quarter. Rhumbline Advisers now owns 9,928 shares of the company’s stock valued at $16,882,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of several research reports. BTIG Research reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price objective on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a report on Tuesday, January 21st. Finally, Citigroup decreased their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $2,244.69.

MercadoLibre Price Performance

Shares of MELI opened at $2,109.99 on Monday. The firm has a market cap of $106.98 billion, a PE ratio of 74.45, a PEG ratio of 1.06 and a beta of 1.62. The firm’s 50 day moving average price is $1,840.51 and its 200 day moving average price is $1,943.21. 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 twelve month low of $1,324.99 and a twelve month high of $2,161.73.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the firm’s 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 transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

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.