MercadoLibre, Inc. $MELI Shares Acquired by Avanza Fonder AB

Avanza Fonder AB increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,002 shares of the company’s stock after purchasing an additional 327 shares during the period. Avanza Fonder AB’s holdings in MercadoLibre were worth $8,061,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors raised its stake in MercadoLibre by 3.4% in the third quarter. Capital Research Global Investors now owns 1,816,092 shares of the company’s stock valued at $4,244,604,000 after buying an additional 59,838 shares in the last quarter. Capital World Investors boosted its position in shares of MercadoLibre by 1.3% during the 3rd quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock worth $4,067,194,000 after acquiring an additional 22,659 shares in the last quarter. Lavaca Capital LLC increased its holdings in shares of MercadoLibre by 140,201.3% in the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after acquiring an additional 1,065,530 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of MercadoLibre by 9.8% in the 3rd quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock valued at $1,432,565,000 after acquiring an additional 50,893 shares during the last quarter. Finally, WCM Investment Management LLC raised its position in shares of MercadoLibre by 0.4% during the 3rd quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock worth $1,244,447,000 after acquiring an additional 1,833 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the subject of several recent analyst reports. Wedbush decreased their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. BTIG Research dropped their price target on shares of MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a research note on Friday. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Finally, Barclays dropped their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,708.67.

MercadoLibre Trading Up 1.9%

NASDAQ MELI opened at $1,666.08 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $84.47 billion, a P/E ratio of 42.29, a P/E/G ratio of 0.80 and a beta of 1.48. MercadoLibre, Inc. has a 52-week low of $1,631.18 and a 52-week high of $2,645.22. The firm has a 50-day moving average price of $1,938.48 and a 200 day moving average price of $2,083.94.

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

MercadoLibre Company 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.