Atomi Financial Group Inc. Raises Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Atomi Financial Group Inc. increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 22.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,212 shares of the company’s stock after acquiring an additional 219 shares during the period. Atomi Financial Group Inc.’s holdings in MercadoLibre were worth $2,061,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Alpha Cubed Investments LLC lifted its position in shares of MercadoLibre by 16.5% during the fourth quarter. Alpha Cubed Investments LLC now owns 269 shares of the company’s stock worth $457,000 after purchasing an additional 38 shares during the last quarter. Legal Advantage Investments Inc. increased its stake in MercadoLibre by 14.6% in the 4th quarter. Legal Advantage Investments Inc. now owns 1,571 shares of the company’s stock worth $2,671,000 after buying an additional 200 shares during the period. Solidarity Wealth LLC bought a new stake in MercadoLibre during the 4th quarter valued at about $510,000. Atwood & Palmer Inc. boosted its position in MercadoLibre by 7.4% in the 4th quarter. Atwood & Palmer Inc. now owns 9,302 shares of the company’s stock valued at $15,817,000 after buying an additional 638 shares during the period. Finally, Zhang Financial LLC grew its stake in MercadoLibre by 16.9% in the 4th quarter. Zhang Financial LLC now owns 802 shares of the company’s stock worth $1,364,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.1 %

Shares of MELI stock opened at $1,836.00 on Tuesday. 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 $93.09 billion, a price-to-earnings ratio of 64.78, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. The stock’s fifty day moving average price is $1,851.08 and its 200 day moving average price is $1,909.26. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73.

Analyst Ratings Changes

Several analysts have recently weighed in on MELI shares. Raymond James initiated coverage on shares of MercadoLibre in a research note on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price target for the company. Citigroup decreased their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Cantor Fitzgerald dropped their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. BTIG Research decreased their price objective 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. Finally, Morgan Stanley lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,247.67.

Insider Activity

In related news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now directly owns 238 shares of the company’s stock, valued at $472,425.24. This represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.