James Hambro & Partners LLP Has $91.68 Million Stock Position in MercadoLibre, Inc. $MELI

James Hambro & Partners LLP lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.3% during the fourth quarter, HoldingsChannel reports. The firm owned 45,510 shares of the company’s stock after acquiring an additional 3,495 shares during the quarter. MercadoLibre makes up 3.3% of James Hambro & Partners LLP’s investment portfolio, making the stock its 17th largest position. James Hambro & Partners LLP’s holdings in MercadoLibre were worth $91,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in MELI. Weitz Investment Management Inc. bought a new position in shares of MercadoLibre in the 3rd quarter valued at about $8,647,000. Barlow Wealth Partners Inc. increased its stake in shares of MercadoLibre by 126.7% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock worth $26,886,000 after purchasing an additional 6,429 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of MercadoLibre by 14.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock valued at $202,610,000 after purchasing an additional 10,849 shares during the period. Principal Financial Group Inc. raised its holdings in shares of MercadoLibre by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock valued at $112,414,000 after purchasing an additional 7,570 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in MercadoLibre by 5.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,560 shares of the company’s stock valued at $27,015,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. UBS Group cut their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Morgan Stanley decreased their target price on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Finally, Barclays dropped their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,708.67.

MercadoLibre Stock Up 1.2%

Shares of MELI opened at $1,619.20 on Tuesday. The firm has a market cap of $82.09 billion, a P/E ratio of 41.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22. The firm’s 50-day simple moving average is $1,892.02 and its 200 day simple moving average is $2,057.72.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter last year, the business earned $12.61 earnings per share. The company’s revenue was up 44.6% on a year-over-year basis. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Profile

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.