C WorldWide Group Holding A S Acquires 44,747 Shares of MercadoLibre, Inc. $MELI

C WorldWide Group Holding A S boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 516.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 53,411 shares of the company’s stock after buying an additional 44,747 shares during the period. MercadoLibre makes up 1.9% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 18th largest position. C WorldWide Group Holding A S’s holdings in MercadoLibre were worth $107,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Asahi Life Asset Management CO. LTD. bought a new position in MercadoLibre in the 4th quarter valued at approximately $292,000. Pure Financial Advisors LLC raised its stake in MercadoLibre by 9.6% during the 4th quarter. Pure Financial Advisors LLC now owns 137 shares of the company’s stock valued at $276,000 after buying an additional 12 shares during the last quarter. Income Insurance Ltd purchased a new stake in MercadoLibre during the 4th quarter valued at $274,000. Ballast Rock Private Wealth LLC purchased a new stake in MercadoLibre during the 4th quarter valued at $608,000. Finally, Oxbow Advisors LLC raised its stake in MercadoLibre by 1,995.3% during the 4th quarter. Oxbow Advisors LLC now owns 2,242 shares of the company’s stock valued at $4,516,000 after buying an additional 2,135 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,632.52 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The firm has a market capitalization of $82.77 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.41. MercadoLibre, Inc. has a one year low of $1,593.21 and a one year high of $2,645.22. The business has a fifty day moving average price of $1,755.81 and a 200-day moving average price of $1,967.33.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 30.84% and a net margin of 6.04%.The company’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter last year, the company earned $9.74 earnings per share. Sell-side analysts forecast that MercadoLibre, Inc. will post 47.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays decreased their target price on shares of MercadoLibre from $2,600.00 to $2,500.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Wedbush decreased their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. UBS Group decreased their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,465.33.

View Our Latest Research Report on MELI

Key Stories Impacting MercadoLibre

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About MercadoLibre

(Free Report)

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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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