Moseley Investment Management Inc. Lowers Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Moseley Investment Management Inc. decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 832 shares of the company’s stock after selling 12 shares during the period. Moseley Investment Management Inc.’s holdings in MercadoLibre were worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MELI. Acadian Asset Management LLC purchased a new stake in MercadoLibre in the 2nd quarter worth $1,023,000. Oppenheimer & Co. Inc. increased its holdings in shares of MercadoLibre by 2.6% in the second quarter. Oppenheimer & Co. Inc. now owns 1,222 shares of the company’s stock worth $2,008,000 after purchasing an additional 31 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MercadoLibre by 39.9% in the second quarter. Dimensional Fund Advisors LP now owns 235 shares of the company’s stock worth $386,000 after buying an additional 67 shares in the last quarter. Abbot Financial Management Inc. lifted its position in shares of MercadoLibre by 10.3% in the second quarter. Abbot Financial Management Inc. now owns 514 shares of the company’s stock worth $845,000 after buying an additional 48 shares in the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in MercadoLibre by 11.1% during the second quarter. E Fund Management Co. Ltd. now owns 471 shares of the company’s stock valued at $774,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.8 %

Shares of NASDAQ MELI opened at $1,753.61 on Wednesday. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two 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. The company has a market cap of $88.90 billion, a price-to-earnings ratio of 61.88, a PEG ratio of 1.24 and a beta of 1.60. The business’s 50 day moving average price is $1,858.62 and its 200-day moving average price is $1,902.43.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 238 shares of the company’s stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MELI. Cantor Fitzgerald reduced their price objective 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. 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 on the stock. Wedbush lowered their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Barclays dropped their price objective 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. Finally, Morgan Stanley decreased 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 report on Monday, November 11th. Three 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.