Donaldson Capital Management LLC Buys 1,229 Shares of MercadoLibre, Inc. $MELI

Donaldson Capital Management LLC lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 45.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,907 shares of the company’s stock after acquiring an additional 1,229 shares during the quarter. Donaldson Capital Management LLC’s holdings in MercadoLibre were worth $7,870,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MELI. Hennion & Walsh Asset Management Inc. raised its stake in shares of MercadoLibre by 5.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 912 shares of the company’s stock valued at $1,837,000 after acquiring an additional 48 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in MercadoLibre by 55.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,806 shares of the company’s stock worth $43,923,000 after purchasing an additional 7,819 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in MercadoLibre by 40.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 373 shares of the company’s stock valued at $751,000 after purchasing an additional 108 shares during the last quarter. Net Worth Advisory Group grew its holdings in MercadoLibre by 3.9% during the fourth quarter. Net Worth Advisory Group now owns 160 shares of the company’s stock valued at $322,000 after purchasing an additional 6 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in shares of MercadoLibre by 9.1% in the fourth quarter. Capital Investment Advisors LLC now owns 191 shares of the company’s stock valued at $384,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Morgan Stanley dropped their target price on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Wedbush cut their target price 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. BTIG Research decreased their price target on shares of MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre 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 given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,708.67.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,599.52 on Monday. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The company’s fifty day simple moving average is $1,901.13 and its 200-day simple moving average is $2,062.78. The company has a market cap of $81.10 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 0.81 and a beta of 1.48. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing the consensus estimate of $11.66 by ($0.63). The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. MercadoLibre’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.61 earnings per share. As a group, sell-side 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.