825 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 825 shares of the company's stock, valued at approximately $1,403,000.

Other hedge funds have also made changes to their positions in the company. Pacific Capital Wealth Advisors Inc. raised its position in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in MercadoLibre in the fourth quarter valued at about $32,000. Optimum Investment Advisors raised its holdings in MercadoLibre by 750.0% in the third quarter. Optimum Investment Advisors now owns 17 shares of the company's stock worth $35,000 after purchasing an additional 15 shares in the last quarter. Grove Bank & Trust raised its holdings in MercadoLibre by 120.0% in the fourth quarter. Grove Bank & Trust now owns 22 shares of the company's stock worth $37,000 after purchasing an additional 12 shares in the last quarter. Finally, Legacy Bridge LLC lifted its position in shares of MercadoLibre by 53.3% during the third quarter. Legacy Bridge LLC now owns 23 shares of the company's stock valued at $47,000 after buying an additional 8 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of MercadoLibre stock traded up $8.78 on Wednesday, hitting $1,975.19. The company's stock had a trading volume of 212,189 shares, compared to its average volume of 333,073. The company has a market capitalization of $100.14 billion, a price-to-earnings ratio of 69.70, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. The firm has a fifty day moving average price of $1,832.94 and a 200-day moving average price of $1,923.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

Insider Activity

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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MELI. JPMorgan Chase & Co. reduced their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Barclays reduced their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 12th. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a research report on Tuesday, January 21st. Redburn Atlantic started coverage on shares of MercadoLibre in a research note on Friday, October 11th. They issued a "buy" rating and a $2,800.00 target price for the company. Finally, Wedbush dropped their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $2,244.69.

MercadoLibre Company 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.