MercadoLibre, Inc. $MELI is Matthew 25 Management Corp’s 3rd Largest Position

Matthew 25 Management Corp lifted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the company’s stock after purchasing an additional 900 shares during the quarter. MercadoLibre comprises about 10.1% of Matthew 25 Management Corp’s holdings, making the stock its 3rd biggest holding. Matthew 25 Management Corp’s holdings in MercadoLibre were worth $27,312,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of MercadoLibre by 41.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock valued at $2,370,848,000 after purchasing an additional 405,425 shares during the period. Jennison Associates LLC grew its holdings in shares of MercadoLibre by 1.6% in the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company’s stock valued at $2,251,531,000 after purchasing an additional 18,731 shares during the period. Invesco Ltd. boosted its stake in MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock worth $1,113,881,000 after buying an additional 104,554 shares during the period. GQG Partners LLC boosted its stake in MercadoLibre by 23.5% during the first quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock worth $901,058,000 after buying an additional 87,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in MercadoLibre by 14.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 454,150 shares of the company’s stock worth $772,255,000 after buying an additional 57,806 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 1.2%

NASDAQ MELI opened at $2,364.01 on Tuesday. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The firm has a 50 day moving average of $2,412.88 and a two-hundred day moving average of $2,266.66. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $119.86 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing analysts’ consensus estimates of $12.01 by ($1.70). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same period in the prior year, the company posted $10.48 earnings per share. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. As a group, research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on MELI shares. Daiwa Capital Markets started coverage on shares of MercadoLibre in a research note on Friday, August 1st. They set a “buy” rating and a $3,000.00 target price for the company. Wall Street Zen lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Benchmark reaffirmed a “buy” rating and set a $2,875.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Finally, UBS Group set a $3,000.00 target price on shares of MercadoLibre in a research note on Monday, June 2nd. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and an average target price of $2,817.22.

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.