Avior Wealth Management LLC trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 81.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32 shares of the company's stock after selling 141 shares during the quarter. Avior Wealth Management LLC's holdings in MercadoLibre were worth $54,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of MercadoLibre by 205,108.3% during the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock worth $509,506,000 after purchasing an additional 248,181 shares during the period. FMR LLC increased its position in MercadoLibre by 18.6% during the 3rd quarter. FMR LLC now owns 878,996 shares of the company's stock worth $1,803,665,000 after buying an additional 137,564 shares during the period. Wellington Management Group LLP lifted its holdings in shares of MercadoLibre by 52.9% during the third quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock worth $717,525,000 after buying an additional 120,922 shares in the last quarter. Swedbank AB boosted its position in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company's stock valued at $193,137,000 after acquiring an additional 73,336 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of MercadoLibre by 3.9% in the third quarter. Jennison Associates LLC now owns 1,873,919 shares of the company's stock valued at $3,845,207,000 after acquiring an additional 70,154 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MELI has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. Barclays cut their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Cantor Fitzgerald cut their target price on MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. Finally, Redburn Atlantic assumed coverage on MercadoLibre in a research report on Friday, October 11th. They issued a "buy" rating and a $2,800.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $2,244.69.
Check Out Our Latest Research Report on MELI
Insider Transactions at MercadoLibre
In other news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now directly owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.06% of the company's stock.
MercadoLibre Trading Down 1.3 %
Shares of MercadoLibre stock traded down $25.13 during midday trading on Friday, reaching $1,922.19. The company had a trading volume of 280,656 shares, compared to its average volume of 293,906. The firm has a market cap of $97.46 billion, a PE ratio of 67.83, a P/E/G ratio of 1.00 and a beta of 1.60. The stock has a fifty day moving average price of $1,839.63 and a 200 day moving average price of $1,917.75. 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 fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73.
MercadoLibre Company Profile
(
Free Report)
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.
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