Rathbones Group PLC Increases Stock Holdings in MercadoLibre, Inc. $MELI

Rathbones Group PLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 54.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,989 shares of the company’s stock after purchasing an additional 5,283 shares during the quarter. Rathbones Group PLC’s holdings in MercadoLibre were worth $30,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MELI. Assenagon Asset Management S.A. boosted its stake in MercadoLibre by 803.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after purchasing an additional 296,543 shares during the last quarter. Flossbach Von Storch SE boosted its position in MercadoLibre by 1,669.4% during the third quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock worth $424,666,000 after acquiring an additional 171,449 shares during the last quarter. Baillie Gifford & Co. boosted its position in MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after acquiring an additional 164,120 shares during the last quarter. Wellington Management Group LLP boosted its position in MercadoLibre by 28.4% during the third quarter. Wellington Management Group LLP now owns 493,770 shares of the company’s stock worth $1,153,911,000 after acquiring an additional 109,228 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in MercadoLibre by 29.0% during the third quarter. Franklin Resources Inc. now owns 418,002 shares of the company’s stock worth $976,846,000 after acquiring an additional 93,854 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Up 3.5%

Shares of MELI opened at $1,651.20 on Thursday. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The company has a market capitalization of $83.72 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41. The stock has a fifty day simple moving average of $1,724.86 and a two-hundred day simple moving average of $1,928.17. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the business earned $9.74 earnings per share. The firm’s revenue was up 49.0% compared to the same quarter last year. As a group, equities analysts forecast that MercadoLibre, Inc. will post 40.97 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Scotiabank dropped their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Morgan Stanley dropped their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,255.33.

About MercadoLibre

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.