CENTRAL TRUST Co Purchases 164 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

CENTRAL TRUST Co grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,083 shares of the company’s stock after buying an additional 164 shares during the period. CENTRAL TRUST Co’s holdings in MercadoLibre were worth $1,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MELI. Pacific Capital Wealth Advisors Inc. boosted its stake in MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $32,000. Optimum Investment Advisors boosted its position in shares of MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock worth $35,000 after purchasing an additional 15 shares in the last quarter. Grove Bank & Trust grew its stake in shares of MercadoLibre by 120.0% in the 4th quarter. Grove Bank & Trust now owns 22 shares of the company’s stock worth $37,000 after buying an additional 12 shares during the last quarter. Finally, Quarry LP bought a new position in MercadoLibre during the 2nd quarter valued at approximately $43,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

MercadoLibre Trading Down 1.3 %

Shares of NASDAQ:MELI opened at $1,922.19 on Monday. The stock’s 50-day simple moving average is $1,839.63 and its two-hundred day simple moving average is $1,917.75. The stock has a market capitalization of $97.46 billion, a price-to-earnings ratio of 67.83, 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.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent research reports. Cantor Fitzgerald cut their target price on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Wedbush cut their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Citigroup reduced their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Redburn Atlantic started 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, BTIG Research reduced their price target on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of “Buy” and an average target price of $2,244.69.

About MercadoLibre

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.