MercadoLibre, Inc. (NASDAQ:MELI) Stock Position Boosted by Wealth Effects LLC

Wealth Effects LLC grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166 shares of the company’s stock after buying an additional 15 shares during the quarter. Wealth Effects LLC’s holdings in MercadoLibre were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Tamar Securities LLC boosted its holdings in MercadoLibre by 2.7% during the fourth quarter. Tamar Securities LLC now owns 13,012 shares of the company’s stock worth $22,126,000 after buying an additional 347 shares in the last quarter. Prospect Financial Services LLC boosted its stake in shares of MercadoLibre by 22.4% during the 4th quarter. Prospect Financial Services LLC now owns 240 shares of the company’s stock worth $408,000 after acquiring an additional 44 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of MercadoLibre by 0.7% in the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company’s stock worth $1,758,000 after acquiring an additional 7 shares during the last quarter. Sterling Investment Counsel LLC raised its position in shares of MercadoLibre by 18.5% during the fourth quarter. Sterling Investment Counsel LLC now owns 243 shares of the company’s stock worth $413,000 after purchasing an additional 38 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. lifted its holdings in shares of MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the company’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 transaction, the director now owns 238 shares in the company, valued at $472,425.24. This represents a 17.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MELI shares. Barclays dropped their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a report on Tuesday, January 21st. Cantor Fitzgerald decreased their price objective on shares of 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. Wedbush dropped their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, Citigroup lowered their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2,241.00.

MercadoLibre Trading Up 0.1 %

Shares of MercadoLibre stock opened at $1,846.00 on Tuesday. The firm has a market capitalization of $93.59 billion, a PE ratio of 65.14, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,161.73. The company’s fifty day moving average price is $1,844.29 and its two-hundred day moving average price is $1,913.18.

About MercadoLibre

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.