Woodward Diversified Capital LLC Has $985,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Woodward Diversified Capital LLC reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 579 shares of the company’s stock after selling 25 shares during the period. MercadoLibre makes up approximately 0.7% of Woodward Diversified Capital LLC’s holdings, making the stock its 29th biggest holding. Woodward Diversified Capital LLC’s holdings in MercadoLibre were worth $985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MELI. Pacific Capital Wealth Advisors Inc. lifted its position in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 8 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth about $32,000. Mather Group LLC. grew its holdings in shares of MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company’s stock worth $32,000 after buying an additional 12 shares in the last quarter. Finally, Optimum Investment Advisors raised its position in MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MELI shares. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. BTIG Research decreased their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Barclays cut 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 report on Tuesday, November 12th. Morgan Stanley decreased their price objective on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and upped their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $2,244.69.

MercadoLibre Trading Down 0.8 %

MELI stock opened at $1,996.65 on Friday. The stock has a market cap of $101.23 billion, a price-to-earnings ratio of 70.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The company has a fifty day moving average price of $1,830.91 and a two-hundred day moving average price of $1,924.71. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value 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 represents a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

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.