Semus Wealth Partners LLC Sells 11 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Semus Wealth Partners LLC lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851 shares of the company’s stock after selling 11 shares during the period. MercadoLibre makes up 1.0% of Semus Wealth Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Semus Wealth Partners LLC’s holdings in MercadoLibre were worth $1,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Swedbank AB grew its stake in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after acquiring an additional 73,336 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in MercadoLibre by 14.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 273 shares of the company’s stock valued at $562,000 after purchasing an additional 35 shares during the last quarter. OLD National Bancorp IN increased its stake in MercadoLibre by 25.3% during the 3rd quarter. OLD National Bancorp IN now owns 347 shares of the company’s stock valued at $712,000 after purchasing an additional 70 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in MercadoLibre by 12.2% in the third quarter. Toth Financial Advisory Corp now owns 202 shares of the company’s stock worth $414,000 after buying an additional 22 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of MercadoLibre by 4.2% during the third quarter. Whittier Trust Co. now owns 1,303 shares of the company’s stock valued at $2,674,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $2,098.75 on Wednesday. The stock has a market cap of $106.41 billion, a P/E ratio of 74.06, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock’s fifty day moving average is $1,850.22 and its 200 day moving average is $1,950.96. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73.

Wall Street Analyst Weigh In

MELI has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Citigroup lowered their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. BTIG Research decreased their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2,244.69.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares of the company’s stock, valued at approximately $472,425.24. This represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

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.