Royal London Asset Management Ltd. raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 257,717 shares of the company's stock after acquiring an additional 21,063 shares during the period. MercadoLibre makes up 1.1% of Royal London Asset Management Ltd.'s holdings, making the stock its 16th largest position. Royal London Asset Management Ltd. owned 0.51% of MercadoLibre worth $438,232,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Human Investing LLC bought a new stake in MercadoLibre in the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. grew its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the period. Brown Lisle Cummings Inc. increased its position in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 8 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth $32,000. Finally, Mather Group LLC. lifted its holdings in MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.
A number of equities research analysts have recently commented on MELI shares. JPMorgan Chase & Co. raised their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Barclays raised their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Bank of America upped their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Susquehanna raised their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Finally, Wedbush reduced their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $2,402.81.
View Our Latest Analysis on MELI
NASDAQ MELI opened at $2,065.94 on Thursday. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $1,984.29 and a 200-day moving average of $1,970.03. The company has a market cap of $104.74 billion, a PE ratio of 54.80, a PEG ratio of 1.12 and a beta of 1.64.
MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating 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 net margin of 9.20% and a return on equity of 51.89%. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
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.
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