MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,412 shares of the company's stock after selling 392 shares during the period. Venturi Wealth Management LLC's holdings in MercadoLibre were worth $2,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Human Investing LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. increased its stake in 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 during the last quarter. Brown Lisle Cummings Inc. boosted its position in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 8 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre in the fourth quarter valued at $32,000. Finally, Mather Group LLC. increased its position in MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after purchasing an additional 12 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush reduced their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Susquehanna increased their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday. Citigroup dropped their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. Cantor Fitzgerald boosted their target price on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research note on Friday. Finally, BTIG Research reduced their price target on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $2,364.06.

MercadoLibre Stock Up 7.1 %

NASDAQ:MELI traded up $149.53 during midday trading on Friday, reaching $2,260.00. 1,256,768 shares of the stock traded hands, compared to its average volume of 371,354. The business has a 50-day moving average of $1,867.29 and a two-hundred day moving average of $1,956.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The stock has a market capitalization of $114.58 billion, a PE ratio of 79.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 40.71% and a net margin of 7.57%. The firm had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. On average, equities analysts forecast that MercadoLibre, Inc. will post 32.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the company's 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 transaction of $99,249.00. Following the transaction, the director now owns 238 shares in the company, valued at approximately $472,425.24. This represents a 17.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company's stock.

MercadoLibre 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.