Rathbones Group PLC Raises Stock Holdings in MercadoLibre, Inc. $MELI

by · The Cerbat Gem

Rathbones Group PLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 54.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,989 shares of the company’s stock after acquiring an additional 5,283 shares during the period. Rathbones Group PLC’s holdings in MercadoLibre were worth $30,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MELI. Bison Wealth LLC purchased a new stake in MercadoLibre in the 4th quarter valued at about $206,000. Empowered Funds LLC raised its holdings in 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 raised its holdings in 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 purchased a new stake in MercadoLibre in the 2nd quarter valued at about $261,000. Finally, Gamco Investors INC. ET AL raised its holdings in MercadoLibre by 21.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after buying an additional 30 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,651.20 on Thursday. The business has a 50-day moving average of $1,724.86 and a 200 day moving average of $1,928.17. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The stock has a market capitalization of $83.72 billion, a price-to-earnings ratio of 43.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14.

MercadoLibre (NASDAQ:MELI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.74 EPS. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of research analyst reports. Citigroup cut MercadoLibre from a “buy” rating to a “neutral” rating and lowered their target price for the company from $2,200.00 to $1,950.00 in a report on Wednesday, May 13th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. UBS Group lowered their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a report on Friday, May 8th. Finally, Scotiabank lowered their target price on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,255.33.

Check Out Our Latest Research Report on MercadoLibre

MercadoLibre Company Profile

(Free Report)

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.

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