Janus Henderson Group PLC Has $1.22 Billion Stake in MercadoLibre, Inc. $MELI

Janus Henderson Group PLC increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,096 shares of the company’s stock after buying an additional 126,294 shares during the period. Janus Henderson Group PLC’s holdings in MercadoLibre were worth $1,216,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Engineers Gate Manager LP raised its position in shares of MercadoLibre by 45.2% in the fourth quarter. Engineers Gate Manager LP now owns 4,658 shares of the company’s stock valued at $9,382,000 after buying an additional 1,450 shares in the last quarter. Clay Northam Wealth Management LLC raised its position in shares of MercadoLibre by 21.6% in the fourth quarter. Clay Northam Wealth Management LLC now owns 411 shares of the company’s stock valued at $828,000 after buying an additional 73 shares in the last quarter. Asset One Wealth Management LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $835,000. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of MercadoLibre by 105.7% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 21,370 shares of the company’s stock valued at $43,077,000 after buying an additional 10,983 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its position in shares of MercadoLibre by 59.4% in the fourth quarter. Boothbay Fund Management LLC now owns 322 shares of the company’s stock valued at $649,000 after buying an additional 120 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MELI shares. UBS Group dropped their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 target price on shares of MercadoLibre in a research report on Wednesday, May 13th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and dropped their target price for the company from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. Finally, Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,255.33.

Insider Transactions at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director directly owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

MercadoLibre Price Performance

MELI stock opened at $1,631.82 on Thursday. The company has a 50 day simple moving average of $1,711.90 and a 200 day simple moving average of $1,864.64. The stock has a market cap of $82.73 billion, a price-to-earnings ratio of 43.07, a P/E/G ratio of 1.03 and a beta of 1.36. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data 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). The company had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.74 earnings per share. Research analysts anticipate that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

MercadoLibre Company Profile

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.