Quotient Wealth Partners LLC Has $512,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Quotient Wealth Partners LLC cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301 shares of the company’s stock after selling 20 shares during the quarter. Quotient Wealth Partners LLC’s holdings in MercadoLibre were worth $512,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MELI. Planning Capital Management Corp increased its stake in MercadoLibre by 9.1% during the third quarter. Planning Capital Management Corp now owns 60 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the period. Mount Lucas Management LP increased its position in shares of MercadoLibre by 3.6% during the third quarter. Mount Lucas Management LP now owns 143 shares of the company’s stock valued at $293,000 after purchasing an additional 5 shares during the period. Strategic Blueprint LLC lifted its position in MercadoLibre by 0.9% in the third quarter. Strategic Blueprint LLC now owns 658 shares of the company’s stock worth $1,350,000 after purchasing an additional 6 shares during the period. Nvwm LLC boosted its stake in MercadoLibre by 0.5% during the fourth quarter. Nvwm LLC now owns 1,137 shares of the company’s stock worth $1,933,000 after buying an additional 6 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in MercadoLibre by 35.0% in the 3rd quarter. NBC Securities Inc. now owns 27 shares of the company’s stock valued at $55,000 after buying an additional 7 shares during the period. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MELI. Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a report on Tuesday, January 21st. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Barclays cut their target price on 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. Finally, Wedbush lowered their price target 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. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $2,244.69.

Insider Buying and Selling at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre 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 completion of the sale, the director now owns 238 shares in the company, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.06% of the company’s stock.

MercadoLibre Trading Down 0.8 %

Shares of MELI opened at $1,996.65 on Monday. The stock’s fifty day simple moving average is $1,831.14 and its 200-day simple moving average is $1,928.50. The firm has a market capitalization of $101.22 billion, a PE ratio of 70.45, a price-to-earnings-growth ratio of 1.06 and a beta of 1.62. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,161.73. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

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.