135 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 135 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. New York State Common Retirement Fund boosted its position in shares of MercadoLibre by 20.6% in the 4th quarter. New York State Common Retirement Fund now owns 34,217 shares of the company’s stock worth $58,184,000 after buying an additional 5,843 shares in the last quarter. Kestra Investment Management LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $65,000. Atria Wealth Solutions Inc. raised its stake in MercadoLibre by 35.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,151 shares of the company’s stock valued at $3,658,000 after purchasing an additional 558 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in MercadoLibre by 7.0% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 13,586 shares of the company’s stock valued at $23,102,000 after purchasing an additional 886 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in MercadoLibre by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 2,716 shares of the company’s stock valued at $4,618,000 after purchasing an additional 42 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on MELI shares. Barclays cut their target price 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. Citigroup cut their target price 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. New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and boosted their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Buy” and an average price target of $2,244.69.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 238 shares in the company, valued at $472,425.24. This represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

MercadoLibre Stock Down 0.5 %

MELI opened at $2,098.75 on Wednesday. The firm has a 50 day moving average price of $1,850.22 and a 200 day moving average price of $1,950.96. The company has a market cap of $106.41 billion, a PE ratio of 74.06, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year 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 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.