Choreo LLC Sells 95 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Choreo LLC lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,457 shares of the company’s stock after selling 95 shares during the period. Choreo LLC’s holdings in MercadoLibre were worth $2,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Deltec Asset Management LLC raised its holdings in shares of MercadoLibre by 7.7% during the 4th quarter. Deltec Asset Management LLC now owns 1,400 shares of the company’s stock valued at $2,381,000 after purchasing an additional 100 shares in the last quarter. Nvwm LLC raised its holdings in shares of MercadoLibre by 0.5% during the 4th quarter. Nvwm LLC now owns 1,137 shares of the company’s stock valued at $1,933,000 after purchasing an additional 6 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of MercadoLibre by 76.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,173 shares of the company’s stock valued at $50,898,000 after purchasing an additional 13,081 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of MercadoLibre during the 4th quarter valued at $43,000. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of MercadoLibre by 5.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 289 shares of the company’s stock valued at $493,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the topic of a number of research analyst reports. Wedbush lowered their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered 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. Barclays lowered their target price on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Redburn Atlantic initiated coverage on shares of MercadoLibre in a research note on Friday, October 11th. They issued a “buy” rating and a $2,800.00 target price on the stock. Finally, Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $2,244.69.

Insider Transactions at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by insiders.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,012.80 on Friday. The company has a 50-day moving average of $1,831.55 and a 200-day moving average of $1,924.10. The company has a market capitalization of $102.05 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 1.02 and a beta of 1.62. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

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.