Asset Management One Co. Ltd. Increases Stock Holdings in MercadoLibre, Inc. $MELI

Asset Management One Co. Ltd. lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,514 shares of the company’s stock after acquiring an additional 490 shares during the period. Asset Management One Co. Ltd. owned 0.06% of MercadoLibre worth $65,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $29,000. Holos Integrated Wealth LLC acquired a new stake in MercadoLibre in the fourth quarter valued at $32,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre during the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the 3rd quarter worth $35,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after buying an additional 8 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MELI shares. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Morgan Stanley cut their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. JPMorgan Chase & Co. downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $2,650.00 to $2,100.00 in a research note on Thursday, March 12th. Barclays cut their price target on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Finally, BTIG Research reiterated a “buy” rating and set a $2,400.00 price objective on shares of MercadoLibre in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,695.33.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,855.83 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a fifty-two week low of $1,593.21 and a fifty-two week high of $2,645.22. The stock’s 50-day moving average is $1,793.36 and its two-hundred day moving average is $1,998.09. The firm has a market cap of $94.09 billion, a P/E ratio of 47.10, a PEG ratio of 0.95 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Saturday, February 14th. The company reported $11.03 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%. Analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.