Hall Laurie J Trustee Sells 8 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Hall Laurie J Trustee lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84 shares of the company’s stock after selling 8 shares during the period. Hall Laurie J Trustee’s holdings in MercadoLibre were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Grove Bank & Trust increased its position in MercadoLibre by 120.0% during the 4th quarter. Grove Bank & Trust now owns 22 shares of the company’s stock worth $37,000 after buying an additional 12 shares during the period. Smith Salley Wealth Management increased its position in MercadoLibre by 12.0% during the fourth quarter. Smith Salley Wealth Management now owns 1,451 shares of the company’s stock worth $2,467,000 after acquiring an additional 156 shares during the period. Shelton Wealth Management LLC raised its stake in MercadoLibre by 6.6% in the 4th quarter. Shelton Wealth Management LLC now owns 851 shares of the company’s stock worth $1,447,000 after purchasing an additional 53 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its holdings in MercadoLibre by 68.9% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 770 shares of the company’s stock valued at $1,309,000 after purchasing an additional 314 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its position in shares of MercadoLibre by 776.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 438 shares of the company’s stock worth $745,000 after purchasing an additional 388 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MELI. Morgan Stanley reduced 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. 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 report on Monday, January 6th. Citigroup dropped their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. BTIG Research reduced 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, Barclays dropped their target price 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. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average target price of $2,247.67.

MercadoLibre Stock Down 0.1 %

Shares of MELI opened at $1,836.00 on Monday. The stock has a market capitalization of $93.08 billion, a price-to-earnings ratio of 64.78, a PEG ratio of 0.92 and a beta of 1.60. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. 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 stock has a fifty day moving average of $1,853.58 and a 200-day moving average of $1,905.33.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre 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 transaction of $99,249.00. Following the sale, the director now directly owns 238 shares of the company’s stock, valued at $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 link. Corporate insiders own 0.06% of the company’s stock.

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.