Capital International Sarl Raises Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Capital International Sarl lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 17.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,340 shares of the company’s stock after purchasing an additional 4,122 shares during the quarter. MercadoLibre comprises 1.1% of Capital International Sarl’s investment portfolio, making the stock its 23rd biggest holding. Capital International Sarl’s holdings in MercadoLibre were worth $46,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of MELI. Arrowstreet Capital Limited Partnership lifted its stake in shares of MercadoLibre by 0.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company’s stock valued at $927,239,000 after purchasing an additional 2,048 shares during the period. Schroder Investment Management Group increased its holdings in MercadoLibre by 9.4% in the fourth quarter. Schroder Investment Management Group now owns 443,156 shares of the company’s stock valued at $753,560,000 after buying an additional 38,261 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of MercadoLibre by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 380,956 shares of the company’s stock valued at $647,793,000 after acquiring an additional 31,278 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $565,306,000. Finally, Royal London Asset Management Ltd. grew its holdings in shares of MercadoLibre by 8.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company’s stock worth $438,232,000 after acquiring an additional 21,063 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,099.37 on Friday. 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 12 month low of $1,324.99 and a 12 month high of $2,374.54. The company has a market cap of $106.43 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The stock’s 50-day moving average is $2,042.00 and its 200-day moving average is $1,959.90.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on MELI shares. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Bank of America increased their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Benchmark started coverage on shares of MercadoLibre in a research note on Tuesday. They set a “buy” rating and a $2,500.00 price objective for the company. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2,415.94.

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.