MercadoLibre, Inc. $MELI Shares Purchased by World Investment Advisors

World Investment Advisors boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 67.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,318 shares of the company’s stock after acquiring an additional 532 shares during the period. World Investment Advisors’ holdings in MercadoLibre were worth $2,655,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MELI. Assenagon Asset Management S.A. grew its stake in MercadoLibre by 803.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock valued at $671,665,000 after acquiring an additional 296,543 shares in the last quarter. Flossbach Von Storch SE grew its stake in MercadoLibre by 1,669.4% during the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock valued at $424,666,000 after acquiring an additional 171,449 shares in the last quarter. Baillie Gifford & Co. grew its stake in MercadoLibre by 4.9% during the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock valued at $7,012,773,000 after acquiring an additional 164,120 shares in the last quarter. Wellington Management Group LLP grew its stake in MercadoLibre by 28.4% during the 3rd quarter. Wellington Management Group LLP now owns 493,770 shares of the company’s stock valued at $1,153,911,000 after acquiring an additional 109,228 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in MercadoLibre by 29.0% during the 3rd quarter. Franklin Resources Inc. now owns 418,002 shares of the company’s stock valued at $976,846,000 after acquiring an additional 93,854 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,546.81 on Friday. The firm has a 50 day simple moving average of $1,734.98 and a 200-day simple moving average of $1,945.43. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.15. The stock has a market cap of $78.42 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The firm had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the company earned $9.74 EPS. The business’s quarterly revenue was up 49.0% on a year-over-year basis. On average, analysts expect that MercadoLibre, Inc. will post 42.53 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MELI. UBS Group dropped their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research note on Wednesday. Scotiabank dropped their price objective on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 7th. The Goldman Sachs Group set a $2,100.00 price objective on shares of MercadoLibre in a research note on Wednesday. Barclays dropped their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

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.