MercadoLibre, Inc. (NASDAQ:MELI) Holdings Lifted by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46 shares of the company’s stock after buying an additional 7 shares during the period. GPS Wealth Strategies Group LLC’s holdings in MercadoLibre were worth $78,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Pacific Capital Wealth Advisors Inc. lifted its holdings in shares of 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. Optimum Investment Advisors raised its position in MercadoLibre by 750.0% during the third quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after acquiring an additional 15 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at $32,000. Grove Bank & Trust lifted its position in shares of MercadoLibre by 120.0% in the fourth quarter. Grove Bank & Trust now owns 22 shares of the company’s stock worth $37,000 after buying an additional 12 shares during the last quarter. Finally, Legacy Bridge LLC boosted its position in MercadoLibre by 53.3% during the third quarter. Legacy Bridge LLC now owns 23 shares of the company’s stock worth $47,000 after purchasing an additional 8 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the sale, the director now directly owns 238 shares of the company’s stock, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MELI. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. BTIG Research dropped 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 report on Thursday, November 7th. Cantor Fitzgerald cut their price objective on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Morgan Stanley decreased their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Wedbush dropped their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $2,244.69.

MercadoLibre Trading Down 0.7 %

MELI opened at $1,908.90 on Tuesday. The firm’s fifty day moving average is $1,839.63 and its two-hundred day moving average is $1,919.50. 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 firm has a market cap of $96.78 billion, a PE ratio of 67.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73.

MercadoLibre Company 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.