Slow Capital Inc. Has $20.42 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Slow Capital Inc. lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,009 shares of the company’s stock after acquiring an additional 242 shares during the period. MercadoLibre accounts for approximately 2.9% of Slow Capital Inc.’s portfolio, making the stock its 9th biggest holding. Slow Capital Inc.’s holdings in MercadoLibre were worth $20,420,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Planning Capital Management Corp grew its stake in MercadoLibre by 9.1% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares in the last quarter. Mount Lucas Management LP grew its stake in MercadoLibre by 3.6% in the 3rd quarter. Mount Lucas Management LP now owns 143 shares of the company’s stock valued at $293,000 after buying an additional 5 shares during the last quarter. Strategic Blueprint LLC lifted its position in MercadoLibre by 0.9% during the 3rd quarter. Strategic Blueprint LLC now owns 658 shares of the company’s stock worth $1,350,000 after acquiring an additional 6 shares during the last quarter. NBC Securities Inc. boosted its holdings in MercadoLibre by 35.0% during the third quarter. NBC Securities Inc. now owns 27 shares of the company’s stock valued at $55,000 after acquiring an additional 7 shares during the period. Finally, 1620 Investment Advisors Inc. grew its position in shares of MercadoLibre by 3.7% in the third quarter. 1620 Investment Advisors Inc. now owns 198 shares of the company’s stock valued at $407,000 after purchasing an additional 7 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on MELI shares. BTIG Research cut their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Barclays dropped their target price on shares of 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. Redburn Atlantic started coverage on shares of MercadoLibre in a research note on Friday, October 11th. They issued a “buy” rating and a $2,800.00 target price on the stock. Cantor Fitzgerald lowered 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 research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,241.00.

MercadoLibre Trading Up 0.1 %

MELI opened at $1,846.00 on Tuesday. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $1,844.29 and a two-hundred day moving average price of $1,913.18. The company has a market cap of $93.59 billion, a P/E ratio of 65.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Insider Buying and Selling at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business’s 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 completion of the transaction, the director now directly owns 238 shares in the company, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

MercadoLibre Company 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.