OLD National Bancorp IN Increases Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

OLD National Bancorp IN boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 369 shares of the company’s stock after buying an additional 22 shares during the quarter. OLD National Bancorp IN’s holdings in MercadoLibre were worth $627,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of MercadoLibre by 39.9% in the 2nd 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 last quarter. Algert Global LLC grew its holdings 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 purchasing an additional 90 shares during the last quarter. Quarry LP acquired a new position in shares of MercadoLibre during the second quarter worth $43,000. EP Wealth Advisors LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter valued at $240,000. Finally, Cetera Investment Advisers boosted its position in shares of MercadoLibre by 6.8% in the 2nd quarter. Cetera Investment Advisers now owns 6,163 shares of the company’s stock worth $10,129,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Insider Activity

In other news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,922.19 on Friday. The stock has a market capitalization of $97.46 billion, a PE ratio of 67.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.60. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The stock’s 50-day moving average price is $1,841.29 and its 200-day moving average price is $1,915.14.

Analysts Set New Price Targets

A number of research firms have commented on MELI. Cantor Fitzgerald decreased their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday. Morgan Stanley dropped their target price 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. Barclays decreased their price target on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, Citigroup dropped their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $2,244.69.

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.