Banque Cantonale Vaudoise Acquires 264 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Banque Cantonale Vaudoise lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 48.0% in the third quarter, Holdings Channel.com reports. The fund owned 814 shares of the company’s stock after purchasing an additional 264 shares during the period. Banque Cantonale Vaudoise’s holdings in MercadoLibre were worth $1,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors raised its holdings in shares of MercadoLibre by 12.7% during the first quarter. Capital World Investors now owns 845,749 shares of the company’s stock valued at $1,278,738,000 after acquiring an additional 95,029 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock worth $1,167,073,000 after purchasing an additional 232,787 shares during the period. Janus Henderson Group PLC grew its stake in MercadoLibre by 55.8% in the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock worth $557,225,000 after purchasing an additional 132,028 shares during the period. Legal & General Group Plc grew its stake in MercadoLibre by 3.6% in the second quarter. Legal & General Group Plc now owns 323,570 shares of the company’s stock worth $531,755,000 after purchasing an additional 11,265 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in MercadoLibre by 17.0% in the second quarter. Royal London Asset Management Ltd. now owns 277,206 shares of the company’s stock worth $455,560,000 after purchasing an additional 40,361 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.8 %

MercadoLibre stock opened at $1,931.26 on Thursday. 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 one year low of $1,324.99 and a one year high of $2,161.73. The stock has a market capitalization of $97.91 billion, a PE ratio of 68.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61. The business’s fifty day moving average is $2,031.02 and its 200 day moving average is $1,851.83.

Analyst Ratings Changes

MELI has been the topic of several recent research reports. Redburn Atlantic initiated coverage on MercadoLibre in a research note on Friday, October 11th. They issued a “buy” rating and a $2,800.00 price target on the stock. Citigroup upped their price target on MercadoLibre from $2,200.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Raymond James initiated coverage on MercadoLibre in a research note on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 target price on the stock. Bank of America increased their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. cut their target price on MercadoLibre from $2,400.00 to $2,150.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,269.67.

About MercadoLibre

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.