Lbp Am Sa Has $47.91 Million Stock Holdings in MercadoLibre, Inc. $MELI

Lbp Am Sa boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,784 shares of the company’s stock after acquiring an additional 2,528 shares during the period. Lbp Am Sa’s holdings in MercadoLibre were worth $47,907,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MELI. Bison Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $206,000. Empowered Funds LLC grew its holdings in shares of MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after buying an additional 49 shares during the period. Focus Partners Wealth grew its holdings in shares of MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after buying an additional 178 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre in the 2nd quarter valued at $261,000. Finally, Gamco Investors INC. ET AL boosted its stake in MercadoLibre by 21.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 1.7%

Shares of NASDAQ:MELI opened at $1,872.12 on Thursday. The company’s 50-day moving average price is $1,799.90 and its two-hundred day moving average price is $2,003.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a one year low of $1,593.21 and a one year high of $2,645.22. The stock has a market capitalization of $94.92 billion, a PE ratio of 47.52, a price-to-earnings-growth ratio of 0.96 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The firm had revenue of $8.76 billion for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. On average, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

MELI has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $2,400.00 target price on shares of MercadoLibre in a research note on Friday, April 10th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. lowered shares of MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $2,650.00 to $2,100.00 in a research note on Thursday, March 12th. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and reduced their target price for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Finally, Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $2,695.33.

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.