MercadoLibre, Inc. $MELI Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 123.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,387 shares of the company’s stock after buying an additional 5,729 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in MercadoLibre were worth $24,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MELI. Bison Wealth LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at $206,000. Empowered Funds LLC raised its holdings in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth lifted its position in MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new stake in MercadoLibre in the second quarter valued at $261,000. Finally, AE Wealth Management LLC grew its position in MercadoLibre by 11.1% during the 2nd quarter. AE Wealth Management LLC now owns 230 shares of the company’s stock worth $600,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.6%

Shares of MELI opened at $1,670.00 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 12 month low of $1,631.18 and a 12 month high of $2,645.22. The stock’s 50 day moving average is $1,996.22 and its two-hundred day moving average is $2,117.50. The firm has a market cap of $84.67 billion, a P/E ratio of 42.39, a PEG ratio of 0.89 and a beta of 1.48.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm earned $12.61 earnings per share. Analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

Analyst Upgrades and Downgrades

Several research firms recently commented on MELI. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Morgan Stanley decreased their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a report on Monday, March 9th. UBS Group dropped their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Barclays decreased their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,725.33.

Check Out Our Latest Stock Analysis on MercadoLibre

MercadoLibre Profile

(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.

See Also

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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