MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 380,956 shares of the company’s stock after acquiring an additional 31,278 shares during the quarter. Wellington Management Group LLP owned 0.75% of MercadoLibre worth $647,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MELI. Thrivent Financial for Lutherans grew its holdings in shares of MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock worth $404,000 after purchasing an additional 21 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of MercadoLibre in the third quarter worth $273,000. Financial Counselors Inc. purchased a new position in shares of MercadoLibre in the 3rd quarter valued at $207,000. Erste Asset Management GmbH acquired a new position in shares of MercadoLibre during the 3rd quarter valued at $9,703,000. Finally, Paloma Partners Management Co boosted its position in MercadoLibre by 42.3% during the 3rd quarter. Paloma Partners Management Co now owns 279 shares of the company’s stock worth $572,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,950.87 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The company has a fifty day moving average price of $2,030.68 and a two-hundred day moving average price of $1,972.33. The company has a market cap of $98.90 billion, a PE ratio of 51.75, a P/E/G ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating analysts’ consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on MELI. Barclays raised their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Wedbush decreased 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. Finally, New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $2,402.81.

MercadoLibre 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.