PKO Investment Management Joint Stock Co Acquires 700 Shares of MercadoLibre, Inc. $MELI

PKO Investment Management Joint Stock Co raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,200 shares of the company’s stock after acquiring an additional 700 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in MercadoLibre were worth $6,446,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. increased its position in shares of MercadoLibre by 803.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after purchasing an additional 296,543 shares during the last quarter. Flossbach Von Storch SE raised its stake in MercadoLibre by 1,669.4% in the third quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock valued at $424,666,000 after purchasing an additional 171,449 shares in the last quarter. Baillie Gifford & Co. lifted its position in MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock valued at $7,012,773,000 after purchasing an additional 164,120 shares during the last quarter. Wellington Management Group LLP lifted its position in MercadoLibre by 28.4% during the third quarter. Wellington Management Group LLP now owns 493,770 shares of the company’s stock valued at $1,153,911,000 after purchasing an additional 109,228 shares during the last quarter. Finally, Dragoneer Investment Group LLC purchased a new position in MercadoLibre in the 3rd quarter worth approximately $241,591,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 3.2%

MELI stock opened at $1,850.05 on Friday. The company has a market capitalization of $93.80 billion, a PE ratio of 46.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41. MercadoLibre, Inc. has a one year low of $1,593.21 and a one year high of $2,645.22. The company’s 50 day moving average price is $1,760.90 and its two-hundred day moving average price is $1,972.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company had revenue of $8.76 billion during the quarter. As a group, analysts predict that MercadoLibre, Inc. will post 48.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MELI has been the topic of a number of research analyst reports. BTIG Research reissued a “buy” rating and issued a $2,400.00 price target on shares of MercadoLibre in a report on Friday, April 10th. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $2,650.00 to $2,100.00 in a research note on Thursday, March 12th. Wedbush lowered their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, UBS Group dropped their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,685.33.

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.