B & T Capital Management DBA Alpha Capital Management Sells 48 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

B & T Capital Management DBA Alpha Capital Management lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,442 shares of the company’s stock after selling 48 shares during the quarter. MercadoLibre makes up 1.4% of B & T Capital Management DBA Alpha Capital Management’s portfolio, making the stock its 25th largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in MercadoLibre were worth $7,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Trivant Custom Portfolio Group LLC lifted its holdings in MercadoLibre by 776.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 438 shares of the company’s stock worth $745,000 after purchasing an additional 388 shares in the last quarter. Merit Financial Group LLC raised its position in shares of MercadoLibre by 24.6% during the fourth quarter. Merit Financial Group LLC now owns 703 shares of the company’s stock valued at $1,195,000 after buying an additional 139 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of MercadoLibre in the fourth quarter worth $7,077,000. Truefg LLC boosted its position in shares of MercadoLibre by 25.7% during the fourth quarter. Truefg LLC now owns 269 shares of the company’s stock worth $457,000 after acquiring an additional 55 shares during the last quarter. Finally, Yarbrough Capital LLC purchased a new position in MercadoLibre during the fourth quarter valued at $4,404,000. 87.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 transaction of $99,249.00. Following the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on MELI. Barclays decreased their price target 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. Raymond James assumed coverage on MercadoLibre in a research report on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 target price on the stock. BTIG Research cut their price target on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Wedbush reduced their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Finally, Cantor Fitzgerald lowered their target price on MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,247.67.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,836.00 on Friday. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,161.73. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $1,854.30 and a 200-day moving average price of $1,901.53. The firm has a market capitalization of $93.09 billion, a PE ratio of 64.78, a price-to-earnings-growth ratio of 0.92 and a beta of 1.60.

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.