Schroder Investment Management Group Has $1.36 Billion Stock Position in MercadoLibre, Inc. $MELI

Schroder Investment Management Group grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 16.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 521,833 shares of the company’s stock after purchasing an additional 74,201 shares during the quarter. MercadoLibre comprises 1.2% of Schroder Investment Management Group’s portfolio, making the stock its 14th biggest holding. Schroder Investment Management Group owned approximately 1.03% of MercadoLibre worth $1,363,878,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Mackenzie Financial Corp boosted its holdings in MercadoLibre by 5.5% in the 2nd quarter. Mackenzie Financial Corp now owns 1,836 shares of the company’s stock valued at $4,799,000 after purchasing an additional 96 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in shares of MercadoLibre by 219.5% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 49,979 shares of the company’s stock valued at $127,923,000 after buying an additional 34,338 shares during the last quarter. Virtus Investment Advisers LLC bought a new stake in shares of MercadoLibre in the second quarter valued at about $1,631,000. Silvant Capital Management LLC grew its position in MercadoLibre by 0.7% during the second quarter. Silvant Capital Management LLC now owns 10,540 shares of the company’s stock worth $27,548,000 after buying an additional 73 shares in the last quarter. Finally, Norges Bank bought a new position in MercadoLibre during the second quarter valued at about $698,848,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $2,082.00 on Friday. The firm has a fifty day moving average of $2,184.85 and a two-hundred day moving average of $2,350.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $105.55 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.56 and a beta of 1.51. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the firm posted $7.83 earnings per share. MercadoLibre’s quarterly revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the subject of several research reports. BTIG Research reaffirmed a “buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a research report on Friday, November 14th. Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group restated a “hold” rating and set a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Wedbush boosted their price target on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,848.82.

About MercadoLibre

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.