Catalyst Private Wealth LLC Sells 9 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Catalyst Private Wealth LLC lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 358 shares of the company’s stock after selling 9 shares during the quarter. Catalyst Private Wealth LLC’s holdings in MercadoLibre were worth $735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new position in shares of MercadoLibre during the first quarter valued at about $293,000. Private Advisor Group LLC raised its stake in shares of MercadoLibre by 4.5% in the first quarter. Private Advisor Group LLC now owns 554 shares of the company’s stock valued at $838,000 after purchasing an additional 24 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in MercadoLibre by 8.4% during the first quarter. Janney Montgomery Scott LLC now owns 5,326 shares of the company’s stock worth $8,053,000 after buying an additional 414 shares in the last quarter. Whittier Trust Co. increased its holdings in MercadoLibre by 26.1% in the 1st quarter. Whittier Trust Co. now owns 1,195 shares of the company’s stock valued at $1,807,000 after buying an additional 247 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in MercadoLibre by 14.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 669 shares of the company’s stock valued at $1,011,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.6 %

MercadoLibre stock traded up $11.55 during trading hours on Tuesday, reaching $2,075.25. 45,524 shares of the company’s stock traded hands, compared to its average volume of 343,788. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The firm’s 50 day moving average is $2,051.56 and its 200-day moving average is $1,812.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The firm has a market capitalization of $105.22 billion, a price-to-earnings ratio of 74.58, a PEG ratio of 1.25 and a beta of 1.61.

Wall Street Analysts Forecast Growth

MELI has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 target price on the stock. in a research report on Wednesday, October 2nd. Citigroup increased their target price on MercadoLibre from $2,200.00 to $2,480.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their price target on MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Raymond James started coverage on shares of MercadoLibre in a research report on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 price target on the stock. Finally, Susquehanna raised their price objective on shares of MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,301.67.

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.