Caliber Wealth Management LLC KS Sells 261 Shares of MercadoLibre, Inc. $MELI

Caliber Wealth Management LLC KS trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 30.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 591 shares of the company’s stock after selling 261 shares during the period. Caliber Wealth Management LLC KS’s holdings in MercadoLibre were worth $1,381,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MELI. Correct Capital Wealth Management lifted its stake in shares of MercadoLibre by 4.6% in the 3rd quarter. Correct Capital Wealth Management now owns 274 shares of the company’s stock worth $640,000 after purchasing an additional 12 shares during the period. Trivant Custom Portfolio Group LLC increased its holdings in MercadoLibre by 17.3% during the third quarter. Trivant Custom Portfolio Group LLC now owns 848 shares of the company’s stock valued at $1,982,000 after buying an additional 125 shares during the last quarter. Smartleaf Asset Management LLC raised its position in MercadoLibre by 73.8% in the third quarter. Smartleaf Asset Management LLC now owns 73 shares of the company’s stock worth $183,000 after acquiring an additional 31 shares during the period. First National Bank of Hutchinson boosted its stake in shares of MercadoLibre by 9.0% during the 3rd quarter. First National Bank of Hutchinson now owns 206 shares of the company’s stock worth $481,000 after acquiring an additional 17 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in shares of MercadoLibre by 31.6% during the 3rd quarter. Alps Advisors Inc. now owns 1,449 shares of the company’s stock valued at $3,386,000 after acquiring an additional 348 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wedbush decreased their target price on MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. UBS Group reduced their price target on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Benchmark lowered their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Susquehanna cut their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. Finally, Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,876.88.

Insider Buying and Selling at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emiliano Calemzuk sold 45 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the sale, the director directly owned 257 shares in the company, valued at approximately $521,034.09. The trade was a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,136 shares of company stock worth $2,308,788 in the last quarter. 0.25% of the stock is owned by corporate insiders.

MercadoLibre Trading Down 3.2%

Shares of MercadoLibre stock opened at $1,970.15 on Friday. MercadoLibre, Inc. has a twelve month low of $1,723.90 and a twelve month high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $2,074.84 and a 200-day moving average price of $2,205.50. The firm has a market cap of $99.89 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 0.98 and a beta of 1.44.

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.