Strategic Blueprint LLC Purchases 17 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Strategic Blueprint LLC boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 675 shares of the company’s stock after purchasing an additional 17 shares during the quarter. Strategic Blueprint LLC’s holdings in MercadoLibre were worth $1,148,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of MercadoLibre by 39.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock valued at $386,000 after purchasing an additional 67 shares during the last quarter. Mackenzie Financial Corp increased its holdings in MercadoLibre by 3.0% during the second quarter. Mackenzie Financial Corp now owns 1,727 shares of the company’s stock valued at $2,838,000 after buying an additional 51 shares during the last quarter. Algert Global LLC raised its position in MercadoLibre by 30.0% in the second quarter. Algert Global LLC now owns 390 shares of the company’s stock worth $641,000 after acquiring an additional 90 shares during the period. Quarry LP purchased a new position in shares of MercadoLibre during the 2nd quarter worth $43,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the 2nd quarter valued at $240,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 3.0 %

Shares of MELI opened at $1,947.32 on Friday. 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 stock has a market capitalization of $98.73 billion, a price-to-earnings ratio of 68.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. The business’s 50 day simple moving average is $1,841.64 and its 200-day simple moving average is $1,914.92.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction 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 transaction, the director now directly owns 238 shares of the company’s stock, valued at $472,425.24. This trade represents a 17.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MELI. Citigroup decreased their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday. Morgan Stanley decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Raymond James raised 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, Barclays decreased their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Two research 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, MercadoLibre currently has an average rating of “Buy” and a consensus target price of $2,244.69.

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.