Calamos Advisors LLC Has $4.69 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Calamos Advisors LLC decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,755 shares of the company’s stock after selling 1,058 shares during the quarter. Calamos Advisors LLC’s holdings in MercadoLibre were worth $4,685,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacific Capital Wealth Advisors Inc. lifted 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 purchasing an additional 11 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $32,000. Optimum Investment Advisors lifted its position in shares of MercadoLibre by 750.0% during the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock worth $35,000 after buying an additional 15 shares during the period. Grove Bank & Trust boosted its stake in MercadoLibre by 120.0% in the 4th quarter. Grove Bank & Trust now owns 22 shares of the company’s stock valued at $37,000 after buying an additional 12 shares in the last quarter. Finally, Legacy Bridge LLC grew its position in MercadoLibre by 53.3% in the third quarter. Legacy Bridge LLC now owns 23 shares of the company’s stock valued at $47,000 after acquiring an additional 8 shares during the period. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MELI. Barclays reduced their target price on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Redburn Atlantic assumed coverage on shares of MercadoLibre in a research note on Friday, October 11th. They set a “buy” rating and a $2,800.00 price objective on the stock. 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 report on Thursday, November 7th. Morgan Stanley reduced their target price 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. Finally, New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and raised their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $2,244.69.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction that occurred on 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 owns 238 shares of the company’s stock, valued at $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

MercadoLibre Trading Up 3.0 %

Shares of NASDAQ MELI opened at $1,966.41 on Wednesday. The company’s 50 day simple moving average is $1,835.81 and its 200 day simple moving average is $1,921.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The firm has a market capitalization of $99.70 billion, a P/E ratio of 69.39, a P/E/G ratio of 1.02 and a beta of 1.62.

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.