85 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by Matrix Trust Co

Matrix Trust Co acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) in the 4th quarter, Holdings Channel reports. The fund acquired 85 shares of the company’s stock, valued at approximately $145,000.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in MercadoLibre during the 2nd quarter worth $1,023,000. Oppenheimer & Co. Inc. boosted its stake in shares of MercadoLibre by 2.6% during the second quarter. Oppenheimer & Co. Inc. now owns 1,222 shares of the company’s stock worth $2,008,000 after buying an additional 31 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of MercadoLibre by 41.7% during the second quarter. GHP Investment Advisors Inc. now owns 34 shares of the company’s stock worth $56,000 after buying an additional 10 shares during the last quarter. HBK Sorce Advisory LLC acquired a new position in MercadoLibre in the 2nd quarter valued at about $302,000. Finally, J.W. Cole Advisors Inc. raised its stake in MercadoLibre by 159.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 978 shares of the company’s stock valued at $1,607,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI opened at $1,740.00 on Tuesday. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,161.73. The stock has a market cap of $88.21 billion, a P/E ratio of 61.40, a PEG ratio of 1.24 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $1,865.35 and a two-hundred day moving average of $1,901.65.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MELI. Barclays dropped their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Raymond James assumed coverage on shares of MercadoLibre in a research report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price objective for the company. Morgan Stanley lowered their target price on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Redburn Atlantic began coverage on shares of MercadoLibre in a report on Friday, October 11th. They set a “buy” rating and a $2,800.00 price target for the company. Finally, Citigroup lowered their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,247.67.

Check Out Our Latest Research Report on MercadoLibre

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

MercadoLibre Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELIFree Report).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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