Janus Henderson Group PLC Raises Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Janus Henderson Group PLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 422,452 shares of the company’s stock after purchasing an additional 6,278 shares during the period. Janus Henderson Group PLC owned 0.83% of MercadoLibre worth $718,428,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Capital International Investors raised its position in MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after purchasing an additional 470,829 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of MercadoLibre by 41.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock valued at $2,370,848,000 after buying an additional 405,425 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth about $565,306,000. Capital World Investors grew its holdings in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after buying an additional 308,973 shares during the last quarter. Finally, Norges Bank acquired a new position in MercadoLibre in the 4th quarter valued at about $383,051,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.8 %

MELI opened at $2,452.53 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market cap of $124.34 billion, a price-to-earnings ratio of 65.05, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,501.00. The business’s fifty day moving average is $2,081.98 and its two-hundred day moving average is $1,982.03.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the firm earned $6.78 EPS. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. Analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on MELI shares. Cantor Fitzgerald decreased their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Susquehanna lifted their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research report on Friday, February 21st. The Goldman Sachs Group upped their price objective on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of MercadoLibre in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,504.67.

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.