WP Advisors LLC Trims Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

WP Advisors LLC reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 394 shares of the company’s stock after selling 35 shares during the period. WP Advisors LLC’s holdings in MercadoLibre were worth $808,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its position in shares of MercadoLibre by 5.2% in the first quarter. Kingsview Wealth Management LLC now owns 365 shares of the company’s stock worth $552,000 after purchasing an additional 18 shares during the period. Blair William & Co. IL increased its stake in MercadoLibre by 3.5% in the 1st quarter. Blair William & Co. IL now owns 2,054 shares of the company’s stock worth $3,106,000 after buying an additional 70 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in MercadoLibre by 56.2% during the first quarter. Orion Portfolio Solutions LLC now owns 764 shares of the company’s stock valued at $1,155,000 after acquiring an additional 275 shares during the period. Vanguard Group Inc. lifted its position in shares of MercadoLibre by 4.1% in the first quarter. Vanguard Group Inc. now owns 189,860 shares of the company’s stock valued at $287,061,000 after acquiring an additional 7,468 shares in the last quarter. Finally, TIAA Trust National Association grew its position in shares of MercadoLibre by 8.2% during the first quarter. TIAA Trust National Association now owns 291 shares of the company’s stock worth $440,000 after purchasing an additional 22 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MELI. Raymond James assumed coverage on shares of MercadoLibre in a report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price objective for the company. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Citigroup lifted their target price on MercadoLibre from $2,200.00 to $2,480.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on MercadoLibre from $2,400.00 to $2,150.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, BTIG Research cut their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,269.67.

MercadoLibre Trading Up 0.2 %

MercadoLibre stock opened at $1,880.00 on Monday. 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 stock has a market cap of $95.32 billion, a PE ratio of 66.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61. The stock has a 50-day moving average of $2,037.61 and a two-hundred day moving average of $1,846.37. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73.

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.