MercadoLibre, Inc. $MELI Shares Acquired by Swedbank AB

Swedbank AB lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,884 shares of the company’s stock after buying an additional 28,309 shares during the quarter. Swedbank AB’s holdings in MercadoLibre were worth $334,134,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MELI. Baillie Gifford & Co. lifted its stake in shares of MercadoLibre by 4.9% during the 4th quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock worth $7,012,773,000 after purchasing an additional 164,120 shares during the period. Capital Research Global Investors grew its position in shares of MercadoLibre by 3.4% in the third quarter. Capital Research Global Investors now owns 1,816,092 shares of the company’s stock valued at $4,244,604,000 after purchasing an additional 59,838 shares during the period. Capital World Investors grew its position in shares of MercadoLibre by 1.3% in the third quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock valued at $4,067,194,000 after purchasing an additional 22,659 shares during the period. Schroder Investment Management Group increased its stake in MercadoLibre by 9.8% in the third quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock valued at $1,432,565,000 after purchasing an additional 50,893 shares during the last quarter. Finally, WCM Investment Management LLC lifted its position in MercadoLibre by 0.4% during the third quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock worth $1,244,447,000 after buying an additional 1,833 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays decreased their price target on MercadoLibre from $2,600.00 to $2,500.00 and set an “overweight” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. lowered shares of MercadoLibre from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Wedbush decreased their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Finally, Morgan Stanley dropped their price objective on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,685.33.

MercadoLibre Stock Up 0.3%

Shares of NASDAQ:MELI opened at $1,818.23 on Wednesday. The stock has a 50-day simple moving average of $1,757.32 and a 200-day simple moving average of $1,969.85. The stock has a market capitalization of $92.18 billion, a P/E ratio of 46.15, a PEG ratio of 0.90 and a beta of 1.41. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. 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 results on Saturday, February 14th. The company reported $11.03 earnings per share for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm had revenue of $8.76 billion for the quarter. Equities analysts forecast that MercadoLibre, Inc. will post 48.79 earnings per share for the current year.

About MercadoLibre

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.