MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 26.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,669 shares of the company’s stock after selling 1,680 shares during the period. Janney Capital Management LLC’s holdings in MercadoLibre were worth $7,939,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of MercadoLibre by 39.9% in the second quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock valued at $386,000 after buying an additional 67 shares in the last quarter. AE Wealth Management LLC lifted its holdings in MercadoLibre by 24.8% in the second quarter. AE Wealth Management LLC now owns 176 shares of the company’s stock valued at $289,000 after acquiring an additional 35 shares during the period. Pacer Advisors Inc. boosted its position in shares of MercadoLibre by 1.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,428 shares of the company’s stock worth $3,990,000 after purchasing an additional 36 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of MercadoLibre by 29.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 70 shares of the company’s stock worth $117,000 after purchasing an additional 16 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of MercadoLibre during the 2nd quarter worth $1,050,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,862.67 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market cap of $94.44 billion, a price-to-earnings ratio of 65.40, a PEG ratio of 0.98 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 firm has a 50 day moving average price of $1,848.22 and a 200 day moving average price of $1,910.50.

Insider Activity at MercadoLibre

In related 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 transaction, the director now owns 238 shares in the company, 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 can be accessed through this link. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on MELI shares. Citigroup decreased their price objective 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. Redburn Atlantic started coverage on MercadoLibre in a research note on Friday, October 11th. They set a “buy” rating and a $2,800.00 price target on the stock. Cantor Fitzgerald lowered their price target 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. Wedbush reduced their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley decreased their target price on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,241.00.

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.