James Hambro & Partners LLP Acquires 3,495 Shares of MercadoLibre, Inc. $MELI

James Hambro & Partners LLP boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,510 shares of the company’s stock after buying an additional 3,495 shares during the period. MercadoLibre makes up approximately 3.3% of James Hambro & Partners LLP’s holdings, making the stock its 17th biggest holding. James Hambro & Partners LLP owned 0.09% of MercadoLibre worth $91,684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Lavaca Capital LLC boosted its holdings in shares of MercadoLibre by 140,201.3% in the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after buying an additional 1,065,530 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of MercadoLibre by 803.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after acquiring an additional 296,543 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in MercadoLibre by 304.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after acquiring an additional 192,071 shares in the last quarter. Flossbach Von Storch SE lifted its position in MercadoLibre by 1,669.4% in 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. Finally, Wellington Management Group LLP boosted its stake in MercadoLibre by 28.4% in the 3rd quarter. Wellington Management Group LLP now owns 493,770 shares of the company’s stock worth $1,153,911,000 after purchasing an additional 109,228 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 1.2%

Shares of MELI stock opened at $1,619.20 on Tuesday. The firm’s fifty day moving average price is $1,892.02 and its two-hundred day moving average price is $2,057.72. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The firm has a market capitalization of $82.09 billion, a P/E ratio of 41.10, a PEG ratio of 0.81 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $12.61 earnings per share. On average, equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group lowered their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a report on Friday, February 27th. Morgan Stanley cut their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. JPMorgan Chase & Co. downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Cantor Fitzgerald cut their target price on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,708.67.

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.