MercadoLibre, Inc. $MELI Stock Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 219,309 shares of the company’s stock after purchasing an additional 2,432 shares during the quarter. Vanguard Group Inc.’s holdings in MercadoLibre were worth $441,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MELI. Darwin Wealth Management LLC bought a new position in MercadoLibre during the second quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre in the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in MercadoLibre in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. boosted its position in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after purchasing an additional 8 shares in the last quarter. Finally, Holos Integrated Wealth LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $32,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

MELI stock opened at $1,818.23 on Wednesday. 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 one year low of $1,593.21 and a one year high of $2,645.22. The firm has a market capitalization of $92.18 billion, a PE ratio of 46.15, a P/E/G ratio of 0.90 and a beta of 1.41. The firm has a 50-day moving average of $1,757.32 and a two-hundred day moving average of $1,969.85.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The company had revenue of $8.76 billion during the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. On average, analysts forecast that MercadoLibre, Inc. will post 48.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and dropped their target price for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Barclays reduced their target price on shares of MercadoLibre from $2,600.00 to $2,500.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. BTIG Research reiterated a “buy” rating and set a $2,400.00 price objective on shares of MercadoLibre in a research report on Friday, April 10th. Finally, Cantor Fitzgerald reduced their price objective on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2,685.33.

MercadoLibre 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.