Catalyst Capital Advisors LLC Has $80,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

Catalyst Capital Advisors LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39 shares of the company’s stock after selling 8 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in MercadoLibre were worth $80,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MELI. GQG Partners LLC increased its stake in shares of MercadoLibre by 442.2% in the first quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock valued at $1,201,679,000 after buying an additional 648,198 shares during the period. International Assets Investment Management LLC boosted its holdings in MercadoLibre by 205,108.3% in the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company’s stock valued at $509,506,000 after acquiring an additional 248,181 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock valued at $1,167,073,000 after acquiring an additional 232,787 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in MercadoLibre in the second quarter valued at approximately $2,913,000. Finally, Janus Henderson Group PLC boosted its holdings in MercadoLibre by 55.8% in the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock valued at $557,225,000 after acquiring an additional 132,028 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,117.30 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 0.67. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73. The stock’s 50 day moving average is $2,055.08 and its 200-day moving average is $1,819.36. The firm has a market capitalization of $107.35 billion, a price-to-earnings ratio of 76.52, a PEG ratio of 1.26 and a beta of 1.61.

Analyst Upgrades and Downgrades

Several analysts recently commented on MELI shares. Bank of America upped their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Citigroup upped their target price on MercadoLibre from $2,200.00 to $2,480.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Susquehanna upped their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a report on Wednesday, August 28th. BTIG Research upped their target price on MercadoLibre from $2,025.00 to $2,250.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, Barclays increased their price target on MercadoLibre from $2,100.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,301.67.

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.