Massachusetts Financial Services Co. MA Acquires 4,321 Shares of MercadoLibre, Inc. $MELI

Massachusetts Financial Services Co. MA raised its holdings in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,020 shares of the company’s stock after buying an additional 4,321 shares during the period. Massachusetts Financial Services Co. MA owned about 0.18% of MercadoLibre worth $183,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Weitz Investment Management Inc. acquired a new position in shares of MercadoLibre in the third quarter valued at approximately $8,647,000. Barlow Wealth Partners Inc. grew its position in shares of MercadoLibre by 126.7% in the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock valued at $26,886,000 after purchasing an additional 6,429 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of MercadoLibre by 18.7% in the third quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock valued at $112,414,000 after purchasing an additional 7,570 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of MercadoLibre by 5.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,560 shares of the company’s stock valued at $27,015,000 after purchasing an additional 600 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its position in shares of MercadoLibre by 65.0% in the third quarter. Donaldson Capital Management LLC now owns 2,678 shares of the company’s stock valued at $6,258,000 after purchasing an additional 1,055 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the topic of several research reports. UBS Group decreased their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Barclays decreased their target price on 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. Morgan Stanley decreased their target price on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. BTIG Research decreased their target price on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and decreased their target price for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,695.33.

View Our Latest Analysis on MercadoLibre

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $1,773.96 on Monday. The company has a market capitalization of $89.94 billion, a P/E ratio of 45.02, a P/E/G ratio of 0.93 and a beta of 1.49. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The business’s 50 day simple moving average is $1,814.99 and its 200 day simple moving average is $2,013.83.

MercadoLibre (NASDAQ:MELIGet Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. The business had revenue of $8.76 billion for the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. On average, research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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MercadoLibre Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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