Sapient Capital LLC Raises Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Sapient Capital LLC raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,927 shares of the company’s stock after purchasing an additional 567 shares during the quarter. MercadoLibre accounts for approximately 0.7% of Sapient Capital LLC’s portfolio, making the stock its 25th largest holding. Sapient Capital LLC’s holdings in MercadoLibre were worth $37,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of MercadoLibre by 39.9% in the second quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock worth $386,000 after buying an additional 67 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in MercadoLibre by 253.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 364 shares of the company’s stock valued at $746,000 after acquiring an additional 261 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in MercadoLibre by 27.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 414 shares of the company’s stock worth $850,000 after acquiring an additional 88 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of MercadoLibre by 59.5% in the 3rd quarter. Ritholtz Wealth Management now owns 201 shares of the company’s stock worth $412,000 after purchasing an additional 75 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of MercadoLibre during the third quarter worth about $835,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction dated Friday, November 29th. The stock was 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 $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,042.22 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a market cap of $103.54 billion, a P/E ratio of 72.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The firm’s 50 day simple moving average is $1,831.14 and its 200-day simple moving average is $1,930.51.

Analysts Set New Price Targets

Several brokerages have recently commented on MELI. Cantor Fitzgerald decreased their target price on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and upped their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price 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. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, BTIG Research decreased 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 report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Buy” and a consensus target price of $2,244.69.

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.