Wilmington Savings Fund Society FSB Lowers Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Wilmington Savings Fund Society FSB lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 358 shares of the company’s stock after selling 118 shares during the period. Wilmington Savings Fund Society FSB’s holdings in MercadoLibre were worth $609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kingsview Wealth Management LLC boosted its position in MercadoLibre by 7.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 459 shares of the company’s stock valued at $781,000 after acquiring an additional 33 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of MercadoLibre by 47.3% during the 4th quarter. Apollon Wealth Management LLC now owns 629 shares of the company’s stock worth $1,070,000 after purchasing an additional 202 shares during the last quarter. Triasima Portfolio Management inc. bought a new stake in MercadoLibre during the fourth quarter valued at about $4,880,000. Golden State Wealth Management LLC bought a new stake in MercadoLibre during the fourth quarter valued at about $65,000. Finally, Tobam grew its stake in MercadoLibre by 154.9% in the fourth quarter. Tobam now owns 232 shares of the company’s stock valued at $395,000 after purchasing an additional 141 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MELI. BTIG Research lowered 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 report on Thursday, November 7th. Wedbush reduced their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and raised their price target for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. 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. Finally, Barclays decreased their price objective on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. 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 data from MarketBeat, MercadoLibre has a consensus rating of “Buy” and a consensus price target of $2,244.69.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction 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 sale, the director now directly owns 238 shares of the company’s stock, valued at approximately $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,042.22 on Tuesday. The firm’s fifty day moving average is $1,831.14 and its two-hundred day moving average is $1,930.51. The firm has a market cap of $103.54 billion, a price-to-earnings ratio of 72.06, a PEG ratio of 1.06 and a beta of 1.62. 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 one year low of $1,324.99 and a one year high of $2,161.73.

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.