Sanibel Captiva Trust Company Inc. Has $1.31 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Sanibel Captiva Trust Company Inc. boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 68.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 770 shares of the company’s stock after buying an additional 314 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in MercadoLibre were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Trivant Custom Portfolio Group LLC lifted its stake in shares of MercadoLibre by 776.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 438 shares of the company’s stock worth $745,000 after acquiring an additional 388 shares during the period. Merit Financial Group LLC lifted its position in shares of MercadoLibre by 24.6% in the 4th quarter. Merit Financial Group LLC now owns 703 shares of the company’s stock worth $1,195,000 after purchasing an additional 139 shares during the period. Avanza Fonder AB acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $7,077,000. Truefg LLC boosted its stake in shares of MercadoLibre by 25.7% in the 4th quarter. Truefg LLC now owns 269 shares of the company’s stock valued at $457,000 after purchasing an additional 55 shares during the last quarter. Finally, Yarbrough Capital LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $4,404,000. Institutional investors own 87.62% of the company’s stock.

Insider Buying and Selling at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction dated 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 directly owns 238 shares of the company’s stock, valued at $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

MercadoLibre Stock Down 0.1 %

MELI stock opened at $1,836.00 on Friday. The firm has a market capitalization of $93.09 billion, a PE ratio of 64.78, a P/E/G ratio of 0.92 and a beta of 1.60. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73. The stock’s 50 day moving average is $1,853.58 and its 200-day moving average is $1,903.18.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MELI. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Raymond James began coverage on MercadoLibre in a research note on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 price objective on the stock. Citigroup decreased their target price on 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. Barclays lowered their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, Morgan Stanley cut their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,247.67.

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.