Stephens Inc. AR cut its holdings in Mercadolibre Inc (NASDAQ:MELI) by 9.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,539 shares of the company’s stock after selling 251 shares during the quarter. Stephens Inc. AR’s holdings in Mercadolibre were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado raised its stake in Mercadolibre by 16.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 75,270 shares of the company’s stock valued at $23,684,000 after buying an additional 10,800 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Mercadolibre by 17.1% in the fourth quarter. CIBC Asset Management Inc now owns 1,931 shares of the company’s stock valued at $608,000 after purchasing an additional 282 shares during the period. Apertura Capital LLC acquired a new position in shares of Mercadolibre in the fourth quarter valued at about $6,293,000. Kovack Advisors Inc. acquired a new position in shares of Mercadolibre in the fourth quarter valued at about $202,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Mercadolibre in the fourth quarter valued at about $361,000. Institutional investors own 89.21% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price objective on the stock in a report on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $415.00 price objective (up from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. Goldman Sachs Group reissued a “neutral” rating and issued a $378.00 price objective (up from $222.00) on shares of Mercadolibre in a report on Thursday. BidaskClub lowered Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $385.00 price objective (up from $380.00) on shares of Mercadolibre in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $307.58.

In related news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

Shares of Mercadolibre Inc (MELI) opened at $335.86 on Monday. The company has a market capitalization of $14,830.69, a PE ratio of 95.96, a P/E/G ratio of 4.40 and a beta of 2.15. Mercadolibre Inc has a 1-year low of $190.07 and a 1-year high of $395.67. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76.

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Mercadolibre Profile

MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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