MercadoLibre, Inc. $MELI Shares Purchased by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,567 shares of the company’s stock after acquiring an additional 67 shares during the quarter. MercadoLibre makes up about 0.7% of Greenwich Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Greenwich Wealth Management LLC’s holdings in MercadoLibre were worth $14,550,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in shares of MercadoLibre by 7.0% during the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after purchasing an additional 81,124 shares in the last quarter. Invesco Ltd. lifted its stake in MercadoLibre by 22.4% in the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock valued at $1,113,881,000 after buying an additional 104,554 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in MercadoLibre by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company’s stock worth $1,073,823,000 after buying an additional 96,283 shares during the last quarter. Generation Investment Management LLP increased its stake in MercadoLibre by 3.3% during the 1st quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock worth $1,035,061,000 after buying an additional 16,878 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in MercadoLibre by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 521,833 shares of the company’s stock worth $1,363,878,000 after buying an additional 74,201 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MELI. JPMorgan Chase & Co. raised their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Benchmark decreased their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. UBS Group lowered their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Barclays increased their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, BTIG Research restated a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Friday, November 14th. One equities research 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 company’s stock. According to MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,848.82.

MercadoLibre Trading Up 2.4%

Shares of MELI stock opened at $2,082.00 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The company’s 50-day moving average price is $2,184.85 and its 200-day moving average price is $2,349.84. The stock has a market cap of $105.55 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.56 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The firm had revenue of $7.41 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period last year, the firm earned $7.83 earnings per share. MercadoLibre’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, equities analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.