River Global Investors LLP Has $683,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

River Global Investors LLP lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 435 shares of the company’s stock after selling 85 shares during the period. River Global Investors LLP’s holdings in MercadoLibre were worth $683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MELI. WCM Investment Management LLC lifted its holdings in MercadoLibre by 74.8% in the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after purchasing an additional 497,535 shares during the last quarter. Morgan Stanley boosted its stake in MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after buying an additional 236,744 shares in the last quarter. International Assets Investment Management LLC raised its position in MercadoLibre by 112,333.8% in the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of MercadoLibre by 108.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock worth $248,475,000 after buying an additional 101,757 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its holdings in shares of MercadoLibre by 39.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 205,105 shares of the company’s stock valued at $322,331,000 after acquiring an additional 57,837 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. UBS Group dropped their price objective on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Susquehanna increased their price objective on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Citigroup dropped their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, Barclays decreased their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $1,805.00.

MercadoLibre Trading Up 0.7 %

Shares of MELI stock traded up $10.80 on Monday, hitting $1,641.36. The stock had a trading volume of 455,181 shares, compared to its average volume of 403,131. The firm has a market cap of $83.22 billion, a P/E ratio of 72.96, a PEG ratio of 1.09 and a beta of 1.45. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average price of $1,499.29 and a two-hundred day moving average price of $1,542.15.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.84 billion. MercadoLibre had a return on equity of 42.04% and a net margin of 7.17%. The company’s revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.97 earnings per share. As a group, analysts forecast that MercadoLibre, Inc. will post 34.46 earnings per share for the current fiscal year.

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.