Arrowstreet Capital Limited Partnership Has $927.24 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Arrowstreet Capital Limited Partnership increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 545,292 shares of the company’s stock after acquiring an additional 2,048 shares during the quarter. MercadoLibre comprises approximately 0.7% of Arrowstreet Capital Limited Partnership’s investment portfolio, making the stock its 17th biggest holding. Arrowstreet Capital Limited Partnership’s holdings in MercadoLibre were worth $927,239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MELI. Strategy Asset Managers LLC boosted its position in shares of MercadoLibre by 5.2% during the fourth quarter. Strategy Asset Managers LLC now owns 1,997 shares of the company’s stock worth $3,396,000 after purchasing an additional 99 shares in the last quarter. Allianz SE bought a new stake in shares of MercadoLibre in the 4th quarter valued at $2,705,000. Allstate Corp acquired a new stake in MercadoLibre during the 4th quarter worth $2,307,000. DnB Asset Management AS lifted its holdings in MercadoLibre by 6.6% during the fourth quarter. DnB Asset Management AS now owns 44,192 shares of the company’s stock worth $75,146,000 after acquiring an additional 2,744 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its stake in MercadoLibre by 6.7% in the fourth quarter. Level Four Advisory Services LLC now owns 624 shares of the company’s stock valued at $1,061,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MELI shares. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Susquehanna increased their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Bank of America boosted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald increased their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of “Buy” and a consensus price target of $2,402.81.

MercadoLibre Stock Down 2.3 %

MELI stock opened at $2,048.07 on Friday. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54. The company has a market cap of $103.83 billion, a price-to-earnings ratio of 54.33, a P/E/G ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $2,028.39 and a two-hundred day moving average price of $1,974.17.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

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.