Wilmington Savings Fund Society FSB Buys Shares of 476 MercadoLibre, Inc. (NASDAQ:MELI)

Wilmington Savings Fund Society FSB purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 476 shares of the company's stock, valued at approximately $977,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MELI. Migdal Insurance & Financial Holdings Ltd. increased its stake in MercadoLibre by 1,600.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company's stock valued at $28,000 after buying an additional 16 shares during the period. Optimum Investment Advisors boosted its holdings in shares of MercadoLibre by 750.0% during the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company's stock worth $35,000 after buying an additional 15 shares during the period. Financial Connections Group Inc. bought a new stake in MercadoLibre in the 2nd quarter valued at $36,000. Legacy Bridge LLC boosted its holdings in MercadoLibre by 53.3% in the 3rd quarter. Legacy Bridge LLC now owns 23 shares of the company's stock valued at $47,000 after purchasing an additional 8 shares during the period. Finally, Quarry LP bought a new stake in MercadoLibre in the 2nd quarter valued at $43,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Down 2.5 %

NASDAQ MELI traded down $46.91 on Friday, reaching $1,823.86. 410,999 shares of the stock traded hands, compared to its average volume of 369,205. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a fifty day moving average price of $1,992.95 and a 200-day moving average price of $1,881.59. The company has a market cap of $92.46 billion, a price-to-earnings ratio of 64.36, a PEG ratio of 1.29 and a beta of 1.57. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,161.73.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MELI. Citigroup decreased their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. BTIG Research dropped 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 report on Thursday, November 7th. Raymond James began coverage on shares of MercadoLibre in a report on Friday, September 27th. They set an "outperform" rating and a $2,350.00 target price on the stock. Bank of America lifted their price objective on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,267.67.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction on Friday, November 29th. The stock was 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 in the company, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.