MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 43.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 771,893 shares of the company’s stock after acquiring an additional 232,787 shares during the period. Price T Rowe Associates Inc. MD’s holdings in MercadoLibre were worth $1,167,073,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MELI. First PREMIER Bank acquired a new position in MercadoLibre in the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $28,000. Archer Investment Corp acquired a new position in MercadoLibre in the 4th quarter valued at about $31,000. Larson Financial Group LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $36,000. Finally, DSM Capital Partners LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. New Street Research lowered MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. UBS Group lowered their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a report on Tuesday, April 23rd. Wedbush reaffirmed an “outperform” rating and issued a $1,800.00 price objective on shares of MercadoLibre in a report on Friday, May 3rd. Finally, Barclays lifted their price objective on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $1,922.08.

MercadoLibre Price Performance

NASDAQ:MELI traded up $26.54 during trading hours on Friday, reaching $1,651.69. 169,025 shares of the company traded hands, compared to its average volume of 268,254. The firm’s 50-day moving average is $1,654.99 and its 200-day moving average is $1,619.50. The stock has a market cap of $83.74 billion, a P/E ratio of 73.90, a P/E/G ratio of 1.22 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. MercadoLibre, Inc. has a 1-year low of $1,141.04 and a 1-year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.84 billion. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. MercadoLibre’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.97 EPS. Equities research analysts expect that MercadoLibre, Inc. will post 33.38 earnings per share for the current fiscal year.

MercadoLibre Company Profile

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.