RFG Advisory LLC Sells 688 Shares of MercadoLibre, Inc. $MELI

RFG Advisory LLC reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 44.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 874 shares of the company’s stock after selling 688 shares during the quarter. RFG Advisory LLC’s holdings in MercadoLibre were worth $2,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bison Wealth LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at approximately $206,000. Empowered Funds LLC grew its position in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares during the last quarter. Focus Partners Wealth increased its holdings in MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares in the last quarter. Sivia Capital Partners LLC bought a new position in MercadoLibre in the second quarter valued at about $261,000. Finally, Johnson Investment Counsel Inc. bought a new position in MercadoLibre in the 2nd quarter valued at approximately $423,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.5%

NASDAQ:MELI opened at $2,025.32 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a one year low of $1,723.90 and a one year high of $2,645.22. The company has a market cap of $102.68 billion, a PE ratio of 49.42, a PEG ratio of 1.01 and a beta of 1.44. The firm has a 50-day moving average of $2,072.45 and a 200-day moving average of $2,199.29.

Insider Activity at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of MercadoLibre stock in a transaction on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,136 shares of company stock valued at $2,308,788. 0.25% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MELI shares. Wedbush lowered their target price on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. BTIG Research restated a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a report on Wednesday, February 4th. UBS Group reduced their price objective on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Cantor Fitzgerald decreased their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2,876.88.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.