MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Capital International Sarl

Capital International Sarl lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 17.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,340 shares of the company’s stock after purchasing an additional 4,122 shares during the period. MercadoLibre makes up 1.1% of Capital International Sarl’s holdings, making the stock its 23rd biggest holding. Capital International Sarl owned approximately 0.05% of MercadoLibre worth $46,490,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MELI. Principal Financial Group Inc. grew its stake in shares of MercadoLibre by 20.9% in the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company’s stock worth $121,948,000 after acquiring an additional 10,272 shares in the last quarter. Nordea Investment Management AB raised its position in MercadoLibre by 37.8% in the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company’s stock valued at $271,897,000 after purchasing an additional 43,215 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of MercadoLibre by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company’s stock valued at $2,328,000 after buying an additional 143 shares during the period. Assenagon Asset Management S.A. grew its position in shares of MercadoLibre by 12.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 101,511 shares of the company’s stock worth $172,613,000 after buying an additional 11,166 shares in the last quarter. Finally, Ninety One North America Inc. purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $4,923,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Cantor Fitzgerald dropped their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating on the stock in a report on Wednesday. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and raised their price target for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Barclays upped their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Bank of America raised their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $2,415.94.

MercadoLibre Price Performance

Shares of MELI opened at $2,099.37 on Friday. The company has a market capitalization of $106.43 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The firm has a 50-day simple moving average of $2,042.00 and a 200-day simple moving average of $1,959.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.