Northwestern Mutual Wealth Management Co. Has $57.76 Million Stock Holdings in MercadoLibre, Inc. $MELI

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 216.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,677 shares of the company’s stock after buying an additional 19,620 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of MercadoLibre worth $57,763,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre in the second quarter valued at about $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at about $32,000. Caitong International Asset Management Co. Ltd bought a new position in MercadoLibre during the third quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the subject of several research reports. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research report on Wednesday. Barclays reduced their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their price target for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Wedbush reduced their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, Benchmark reduced their price target on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,546.81 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $78.42 billion, a PE ratio of 40.82, a P/E/G ratio of 0.95 and a beta of 1.41. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22. The company has a 50-day moving average price of $1,734.98 and a two-hundred day moving average price of $1,943.06.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.74 EPS. Equities analysts forecast that MercadoLibre, Inc. will post 40.97 EPS 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.