Capital World Investors Raises Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Capital World Investors increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 24.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,568,602 shares of the company’s stock after acquiring an additional 308,973 shares during the quarter. Capital World Investors owned about 3.09% of MercadoLibre worth $2,667,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of MELI. First Trust Advisors LP boosted its position in shares of MercadoLibre by 25.1% in the fourth quarter. First Trust Advisors LP now owns 13,004 shares of the company’s stock worth $22,113,000 after purchasing an additional 2,609 shares during the period. Infusive Asset Management Inc. bought a new position in MercadoLibre in the 4th quarter worth $401,000. Capital International Ltd. CA increased its stake in MercadoLibre by 20.3% in the 4th quarter. Capital International Ltd. CA now owns 15,909 shares of the company’s stock worth $27,052,000 after buying an additional 2,683 shares in the last quarter. Capital Group Investment Management PTE. LTD. raised its holdings in MercadoLibre by 18.3% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 3,381 shares of the company’s stock valued at $5,749,000 after acquiring an additional 524 shares during the period. Finally, Capital International Investors boosted its stake in shares of MercadoLibre by 38.7% in the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock worth $2,868,869,000 after acquiring an additional 470,829 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

MELI stock opened at $2,099.37 on Friday. The stock has a market cap of $106.43 billion, a PE ratio of 55.69, a P/E/G ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The company has a 50-day moving average price of $2,043.29 and a 200 day moving average price of $1,960.13. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wedbush decreased their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Bank of America boosted their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays raised their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Benchmark started coverage on shares of MercadoLibre in a research note on Tuesday. They issued a “buy” rating and a $2,500.00 price target on the stock. Finally, Citigroup reissued a “buy” rating on shares of MercadoLibre in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of “Buy” and a consensus price target of $2,415.94.

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.