Total Clarity Wealth Management Inc. Has $240,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Total Clarity Wealth Management Inc. lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141 shares of the company’s stock after selling 29 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in MercadoLibre were worth $240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $32,000. GFS Advisors LLC acquired a new stake in MercadoLibre in the fourth quarter valued at $612,000. Caprock Group LLC increased its stake in shares of MercadoLibre by 6.1% during the 4th quarter. Caprock Group LLC now owns 595 shares of the company’s stock worth $1,013,000 after purchasing an additional 34 shares during the last quarter. Boomfish Wealth Group LLC grew its holdings in MercadoLibre by 3.2% during the fourth quarter. Boomfish Wealth Group LLC now owns 1,368 shares of the company’s stock worth $2,326,000 after purchasing an additional 42 shares during the period. Finally, Mediolanum International Funds Ltd increased its position in MercadoLibre by 13.3% during the fourth quarter. Mediolanum International Funds Ltd now owns 9,284 shares of the company’s stock worth $15,946,000 after buying an additional 1,092 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,922.19 on Friday. The company’s 50 day moving average price is $1,839.63 and its two-hundred day moving average price is $1,916.38. The firm has a market capitalization of $97.45 billion, a P/E ratio of 67.83, a P/E/G ratio of 1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MELI shares. Redburn Atlantic started coverage on shares of MercadoLibre in a report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 price objective on the stock. Cantor Fitzgerald lowered their target price 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. BTIG Research reduced their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Wedbush lowered their price objective 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. Finally, Morgan Stanley decreased their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $2,244.69.

About MercadoLibre

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.