MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Paragon Capital Management Inc.

Paragon Capital Management Inc. grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 58.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,637 shares of the company’s stock after acquiring an additional 604 shares during the period. MercadoLibre comprises approximately 2.2% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Paragon Capital Management Inc.’s holdings in MercadoLibre were worth $2,784,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of MercadoLibre during the 3rd quarter worth about $114,417,000. Principal Financial Group Inc. grew its stake in MercadoLibre by 20.9% during the 3rd quarter. Principal Financial Group Inc. now owns 59,430 shares of the company’s stock valued at $121,948,000 after acquiring an additional 10,272 shares in the last quarter. KBC Group NV grew its stake in shares of MercadoLibre by 205.5% in the 3rd quarter. KBC Group NV now owns 26,279 shares of the company’s stock valued at $53,923,000 after buying an additional 17,677 shares during the period. Nordea Investment Management AB grew its stake in shares of MercadoLibre by 37.8% in the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company’s stock valued at $271,897,000 after buying an additional 43,215 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of MercadoLibre by 40.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company’s stock valued at $5,598,000 after buying an additional 780 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre 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 transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

MELI has been the topic of several recent 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. Redburn Atlantic assumed coverage on shares of MercadoLibre in a research report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 target price on the stock. Citigroup lowered 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 research report on Tuesday, November 26th. BTIG Research lowered their price objective on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has a consensus rating of “Buy” and an average target price of $2,244.69.

MercadoLibre Stock Up 3.0 %

Shares of NASDAQ MELI opened at $1,966.41 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. The firm has a 50-day moving average price of $1,835.81 and a 200 day moving average price of $1,921.51. The stock has a market capitalization of $99.70 billion, a price-to-earnings ratio of 69.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62.

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.