MercadoLibre, Inc. (NASDAQ:MELI) Stock Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,436 shares of the company’s stock after acquiring an additional 71 shares during the quarter. Metis Global Partners LLC’s holdings in MercadoLibre were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in shares of MercadoLibre by 4.3% in the second quarter. Baillie Gifford & Co. now owns 6,389,959 shares of the company’s stock worth $7,569,545,000 after buying an additional 262,306 shares during the period. Jennison Associates LLC boosted its holdings in shares of MercadoLibre by 1.3% during the third quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock worth $2,831,721,000 after purchasing an additional 28,095 shares during the period. WCM Investment Management LLC boosted its holdings in shares of MercadoLibre by 6,564.6% during the third quarter. WCM Investment Management LLC now owns 665,189 shares of the company’s stock worth $842,508,000 after purchasing an additional 655,208 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of MercadoLibre by 30.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock worth $401,841,000 after purchasing an additional 111,751 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of MercadoLibre by 5.9% during the second quarter. William Blair Investment Management LLC now owns 387,611 shares of the company’s stock worth $459,164,000 after purchasing an additional 21,454 shares during the period. 80.01% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Down 2.4 %

Shares of MELI stock opened at $1,735.30 on Wednesday. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,800.09. The firm’s fifty day simple moving average is $1,618.28 and its 200 day simple moving average is $1,407.74. The firm has a market capitalization of $87.74 billion, a P/E ratio of 88.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.56. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.80.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $5.88 by $1.28. MercadoLibre had a net margin of 7.47% and a return on equity of 44.56%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company earned $2.56 earnings per share. The business’s revenue was up 43.0% compared to the same quarter last year. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 22.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MELI. Wedbush raised their price target on shares of MercadoLibre from $1,700.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Wednesday, December 27th. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Bank of America raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and set a $2,000.00 price objective on the stock in a research report on Monday, November 27th. Susquehanna raised their price objective on shares of MercadoLibre from $1,625.00 to $1,850.00 and gave the company a “positive” rating in a research report on Tuesday, November 28th. Finally, Citigroup lifted their price target on shares of MercadoLibre from $1,550.00 to $1,900.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,752.50.

Check Out Our Latest Report on MercadoLibre

MercadoLibre Company Profile

(Free Report)

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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