Golden State Wealth Management LLC Makes New $65,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Golden State Wealth Management LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 38 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MELI. Dimensional Fund Advisors LP grew its position in shares of MercadoLibre by 39.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock worth $386,000 after buying an additional 67 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in MercadoLibre by 253.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 364 shares of the company’s stock worth $746,000 after purchasing an additional 261 shares during the period. Valeo Financial Advisors LLC increased its stake in MercadoLibre by 27.0% in the third quarter. Valeo Financial Advisors LLC now owns 414 shares of the company’s stock valued at $850,000 after purchasing an additional 88 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of MercadoLibre by 59.5% during the third quarter. Ritholtz Wealth Management now owns 201 shares of the company’s stock valued at $412,000 after purchasing an additional 75 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of MercadoLibre during the 3rd quarter worth about $835,000. 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 business’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 value of $99,249.00. Following the sale, the director now owns 238 shares of the company’s stock, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Cantor Fitzgerald dropped their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Barclays lowered their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. BTIG Research dropped their price objective 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. Finally, Citigroup decreased their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $2,244.69.

MercadoLibre Trading Up 2.3 %

NASDAQ MELI opened at $2,042.22 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock has a market capitalization of $103.54 billion, a price-to-earnings ratio of 72.06, a PEG ratio of 1.06 and a beta of 1.62. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The business’s fifty day moving average is $1,831.14 and its 200-day moving average is $1,930.51.

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.