Rational Advisors LLC decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 43.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750 shares of the company's stock after selling 1,323 shares during the period. Rational Advisors LLC's holdings in MercadoLibre were worth $2,976,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Pacific Capital Wealth Advisors Inc. grew its position in MercadoLibre by 220.0% in 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 in the last quarter. Brown Lisle Cummings Inc. grew its position in MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 8 shares in the last quarter. Heck Capital Advisors LLC bought a new position in MercadoLibre in the fourth quarter valued at $32,000. Mather Group LLC. grew its position in MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after purchasing an additional 12 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in MercadoLibre by 120.0% in the fourth quarter. Grove Bank & Trust now owns 22 shares of the company's stock valued at $37,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 87.62% of the company's stock.
MercadoLibre Stock Performance
NASDAQ:MELI traded down $29.37 during mid-day trading on Wednesday, reaching $2,069.38. 296,052 shares of the company's stock were exchanged, compared to its average volume of 328,476. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The firm has a market capitalization of $104.92 billion, a PE ratio of 73.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The business's fifty day simple moving average is $1,850.22 and its two-hundred day simple moving average is $1,950.96. 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 Buying and Selling
In related 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by insiders.
Analyst Ratings Changes
MELI has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of 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. cut their price target 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. BTIG Research cut their price target on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target for the company in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald cut their price target 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. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $2,244.69.
Check Out Our Latest Stock Analysis on MercadoLibre
MercadoLibre 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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