Paragon Advisors LLC Has $1.58 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Paragon Advisors LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 20.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 926 shares of the company’s stock after selling 233 shares during the quarter. Paragon Advisors LLC’s holdings in MercadoLibre were worth $1,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC boosted its stake in MercadoLibre by 1,900.0% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 60 shares of the company’s stock worth $102,000 after acquiring an additional 57 shares in the last quarter. Hilltop National Bank raised its holdings in shares of MercadoLibre by 82.1% during the fourth quarter. Hilltop National Bank now owns 102 shares of the company’s stock valued at $173,000 after purchasing an additional 46 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of MercadoLibre by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,223 shares of the company’s stock worth $7,181,000 after purchasing an additional 36 shares in the last quarter. Range Financial Group LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at about $296,000. Finally, CWA Asset Management Group LLC bought a new stake in MercadoLibre in the 4th quarter valued at about $4,623,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Up 1.1 %

Shares of NASDAQ:MELI opened at $1,758.77 on Monday. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. The company has a market capitalization of $89.16 billion, a PE ratio of 62.06, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The business has a fifty day moving average price of $1,871.83 and a two-hundred day moving average price of $1,901.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

Insider Buying and Selling

In related 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 value of $99,249.00. Following the sale, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on MELI shares. BTIG Research cut their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Redburn Atlantic initiated coverage on shares of MercadoLibre in a research report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 price target for the company. Barclays decreased their price target on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, Citigroup lowered their target price on shares of 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 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,247.67.

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.