Calamos Advisors LLC Sells 1,058 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Calamos Advisors LLC lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 27.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,755 shares of the company's stock after selling 1,058 shares during the period. Calamos Advisors LLC's holdings in MercadoLibre were worth $4,685,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Planning Capital Management Corp lifted its position in shares of MercadoLibre by 9.1% during the third quarter. Planning Capital Management Corp now owns 60 shares of the company's stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Mount Lucas Management LP lifted its position in shares of MercadoLibre by 3.6% during the third quarter. Mount Lucas Management LP now owns 143 shares of the company's stock worth $293,000 after purchasing an additional 5 shares in the last quarter. Strategic Blueprint LLC lifted its position in shares of MercadoLibre by 0.9% during the third quarter. Strategic Blueprint LLC now owns 658 shares of the company's stock worth $1,350,000 after purchasing an additional 6 shares in the last quarter. NBC Securities Inc. lifted its position in shares of MercadoLibre by 35.0% during the third quarter. NBC Securities Inc. now owns 27 shares of the company's stock worth $55,000 after purchasing an additional 7 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its position in shares of MercadoLibre by 3.7% during the third quarter. 1620 Investment Advisors Inc. now owns 198 shares of the company's stock worth $407,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Insider Activity at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the firm'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 directly owns 238 shares of the company's stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MELI. BTIG Research reduced their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research note on Tuesday, January 21st. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and raised their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Finally, Citigroup reduced 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. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Buy" and an average price target of $2,244.69.

MercadoLibre Stock Up 0.4 %

Shares of MELI traded up $8.78 during mid-day trading on Wednesday, hitting $1,975.19. 212,189 shares of the company's stock were exchanged, compared to its average volume of 333,073. The firm has a fifty day moving average of $1,832.94 and a two-hundred day moving average of $1,923.74. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73. The stock has a market cap of $100.14 billion, a price-to-earnings ratio of 69.70, a P/E/G ratio of 1.02 and a beta of 1.62. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

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.