U.S. Capital Wealth Advisors LLC Acquires New Position in MercadoLibre, Inc. (NASDAQ:MELI)

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 825 shares of the company’s stock, valued at approximately $1,403,000.

Several other large investors also recently bought and sold shares of the business. Spire Wealth Management boosted its stake in MercadoLibre by 2,840.0% during the fourth quarter. Spire Wealth Management now owns 441 shares of the company’s stock worth $750,000 after buying an additional 426 shares during the last quarter. Osborne Partners Capital Management LLC raised its stake in MercadoLibre by 26.8% during the fourth quarter. Osborne Partners Capital Management LLC now owns 8,293 shares of the company’s stock worth $14,102,000 after purchasing an additional 1,754 shares during the period. DAVENPORT & Co LLC raised its stake in MercadoLibre by 4.6% during the fourth quarter. DAVENPORT & Co LLC now owns 5,009 shares of the company’s stock worth $8,518,000 after purchasing an additional 222 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in MercadoLibre by 5.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,388 shares of the company’s stock worth $2,360,000 after purchasing an additional 77 shares during the period. Finally, Stableford Capital II LLC raised its stake in MercadoLibre by 12.7% during the fourth quarter. Stableford Capital II LLC now owns 1,637 shares of the company’s stock worth $2,784,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of several recent analyst reports. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Cantor Fitzgerald cut their target price on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Citigroup lowered 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 note on Tuesday, November 26th. JPMorgan Chase & Co. lowered their target price on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, BTIG Research lowered their target price on shares of 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. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2,244.69.

MercadoLibre Stock Up 3.0 %

Shares of NASDAQ MELI opened at $1,966.41 on Wednesday. The stock has a market cap of $99.70 billion, a P/E ratio of 69.39, a PEG ratio of 1.02 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,161.73. The business’s fifty day simple moving average is $1,835.81 and its 200-day simple moving average is $1,921.51.

Insider Activity

In related news, Director Emiliano Calemzuk sold 50 shares of the firm’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. This trade represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

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.