Capital International Ltd. CA Acquires 2,683 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Capital International Ltd. CA lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 20.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,909 shares of the company’s stock after purchasing an additional 2,683 shares during the quarter. MercadoLibre comprises about 1.1% of Capital International Ltd. CA’s holdings, making the stock its 25th biggest holding. Capital International Ltd. CA’s holdings in MercadoLibre were worth $27,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its stake in shares of MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after buying an additional 470,829 shares during the period. Arrowstreet Capital Limited Partnership increased its position in MercadoLibre by 0.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company’s stock worth $927,239,000 after purchasing an additional 2,048 shares during the period. Schroder Investment Management Group raised its holdings in MercadoLibre by 9.4% during the 4th quarter. Schroder Investment Management Group now owns 443,156 shares of the company’s stock worth $753,560,000 after purchasing an additional 38,261 shares during the last quarter. Wellington Management Group LLP lifted its position in MercadoLibre by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 380,956 shares of the company’s stock valued at $647,793,000 after purchasing an additional 31,278 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in shares of MercadoLibre in the 4th quarter valued at about $565,306,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MELI. The Goldman Sachs Group increased their price objective on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Barclays raised their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Susquehanna upped their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Bank of America upped their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $2,415.94.

MercadoLibre Stock Up 1.7 %

Shares of MELI stock opened at $2,099.37 on Friday. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. 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 firm has a fifty day moving average of $2,042.00 and a 200-day moving average of $1,959.90. The company has a market capitalization of $106.43 billion, a price-to-earnings ratio of 55.69, a P/E/G ratio of 1.12 and a beta of 1.62.

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