MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 17.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 521 shares of the company’s stock after acquiring an additional 78 shares during the quarter. Sigma Planning Corp’s holdings in MercadoLibre were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH lifted its holdings in shares of MercadoLibre by 5.0% in the 4th quarter. Allianz Asset Management GmbH now owns 70,148 shares of the company’s stock valued at $119,282,000 after buying an additional 3,354 shares during the period. Concurrent Investment Advisors LLC raised its position in MercadoLibre by 10.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 344 shares of the company’s stock worth $585,000 after acquiring an additional 33 shares in the last quarter. Hardy Reed LLC acquired a new stake in MercadoLibre in the fourth quarter valued at $213,000. Handelsbanken Fonder AB grew its stake in shares of MercadoLibre by 0.7% during the 4th quarter. Handelsbanken Fonder AB now owns 22,349 shares of the company’s stock worth $38,003,000 after purchasing an additional 158 shares during the period. Finally, Sunpointe LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at about $277,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of research analyst reports. Wedbush decreased their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America boosted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald raised their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $2,385.94.

Insider Activity

In related news, Director Emiliano Calemzuk sold 50 shares of the business’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 value of $99,249.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $2,168.60 on Wednesday. The company has a 50-day simple moving average of $1,883.02 and a 200-day simple moving average of $1,962.50. 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 $109.94 billion, a PE ratio of 57.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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.