Boston Common Asset Management LLC Acquires 4,719 Shares of MercadoLibre, Inc. $MELI

Boston Common Asset Management LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 79.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,674 shares of the company’s stock after buying an additional 4,719 shares during the period. MercadoLibre accounts for about 1.1% of Boston Common Asset Management LLC’s portfolio, making the stock its 19th largest holding. Boston Common Asset Management LLC’s holdings in MercadoLibre were worth $21,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors grew its holdings in shares of MercadoLibre by 3.4% in the 3rd quarter. Capital Research Global Investors now owns 1,816,092 shares of the company’s stock valued at $4,244,604,000 after acquiring an additional 59,838 shares in the last quarter. Capital World Investors raised its holdings in MercadoLibre by 1.3% during the third 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 boosted its position in MercadoLibre by 140,201.3% during the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after purchasing an additional 1,065,530 shares during the last quarter. Schroder Investment Management Group boosted its position in MercadoLibre by 9.8% during the third quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock valued at $1,432,565,000 after purchasing an additional 50,893 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in MercadoLibre by 0.4% in the third quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock valued at $1,244,447,000 after purchasing an additional 1,833 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MELI. Barclays dropped their price objective on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. downgraded shares of MercadoLibre from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. UBS Group cut their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Itau BBA Securities reissued 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 given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,708.67.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,619.20 on Tuesday. The stock has a market cap of $82.09 billion, a PE ratio of 41.10, a P/E/G ratio of 0.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a 50-day moving average of $1,892.02 and a 200-day moving average of $2,057.72. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The company had revenue of $8.76 billion during 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%. The firm’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter last year, the company posted $12.61 EPS. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 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.