MercadoLibre, Inc. (NASDAQ:MELI) Holdings Boosted by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,566 shares of the company’s stock after buying an additional 8,813 shares during the period. MercadoLibre makes up about 7.4% of RWC Asset Advisors US LLC’s holdings, making the stock its 6th biggest position. RWC Asset Advisors US LLC’s holdings in MercadoLibre were worth $93,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MELI. Turtle Creek Wealth Advisors LLC acquired a new stake in MercadoLibre in the fourth quarter valued at $28,000. Archer Investment Corp acquired a new position in shares of MercadoLibre during the 4th quarter worth $31,000. NBC Securities Inc. acquired a new position in shares of MercadoLibre during the 3rd quarter worth $35,000. Larson Financial Group LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth $36,000. Finally, Blue Trust Inc. raised its stake in shares of MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after buying an additional 9 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MELI. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. UBS Group cut their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Susquehanna raised their price objective on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Wedbush reduced their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,790.36.

MercadoLibre Stock Up 3.1 %

NASDAQ:MELI traded up $42.17 on Friday, reaching $1,406.00. The stock had a trading volume of 443,331 shares, compared to its average volume of 319,014. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The stock has a market cap of $71.28 billion, a P/E ratio of 71.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $1,523.37 and a 200 day moving average of $1,528.68.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.25 EPS. On average, research analysts predict that MercadoLibre, Inc. will post 34.46 earnings per share for the current 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.