Shelton Wealth Management LLC Buys 53 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Shelton Wealth Management LLC lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 6.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 851 shares of the company’s stock after purchasing an additional 53 shares during the quarter. Shelton Wealth Management LLC’s holdings in MercadoLibre were worth $1,447,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MELI. Sanibel Captiva Trust Company Inc. grew its stake in shares of MercadoLibre by 68.9% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 770 shares of the company’s stock valued at $1,309,000 after buying an additional 314 shares in the last quarter. Trivant Custom Portfolio Group LLC increased its stake in MercadoLibre by 776.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 438 shares of the company’s stock valued at $745,000 after acquiring an additional 388 shares during the last quarter. Merit Financial Group LLC grew its position in MercadoLibre by 24.6% in the fourth quarter. Merit Financial Group LLC now owns 703 shares of the company’s stock valued at $1,195,000 after acquiring an additional 139 shares during the last quarter. Avanza Fonder AB acquired a new position in MercadoLibre during the 4th quarter worth approximately $7,077,000. Finally, Truefg LLC increased its holdings in MercadoLibre by 25.7% in the 4th quarter. Truefg LLC now owns 269 shares of the company’s stock worth $457,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.1 %

NASDAQ:MELI opened at $1,836.00 on Friday. The company has a market cap of $93.09 billion, a P/E ratio of 64.78, a P/E/G ratio of 0.92 and a beta of 1.60. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock’s fifty day moving average price is $1,854.30 and its two-hundred day moving average price is $1,901.53.

Insider Buying and Selling at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction 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 directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MELI shares. JPMorgan Chase & Co. lowered their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Cantor Fitzgerald decreased their price target on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Wedbush decreased their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Raymond James began coverage on MercadoLibre in a report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price target on the stock. Finally, Morgan Stanley cut 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 research note on Monday, November 11th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,247.67.

MercadoLibre Company 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.