Invesco Ltd. Has $793.11 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Invesco Ltd. trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 466,413 shares of the company's stock after selling 13,697 shares during the quarter. Invesco Ltd. owned about 0.92% of MercadoLibre worth $793,108,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MELI. Human Investing LLC bought a new stake in MercadoLibre during the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. lifted its holdings in shares of MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 8 shares during the last quarter. Heck Capital Advisors LLC bought a new position in MercadoLibre during the fourth quarter worth $32,000. Finally, Mather Group LLC. boosted its holdings in MercadoLibre by 171.4% in the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after purchasing an additional 12 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

MELI traded up $62.96 during midday trading on Friday, hitting $1,996.95. The company had a trading volume of 358,711 shares, compared to its average volume of 388,054. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54. The firm's 50-day simple moving average is $2,036.16 and its 200-day simple moving average is $1,957.92. The company has a market capitalization of $101.24 billion, a PE ratio of 52.97, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

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MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. Equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MELI shares. Morgan Stanley cut their price objective on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a research report on Thursday. Wedbush decreased their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Susquehanna raised their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and increased their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $2,409.69.

About MercadoLibre

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.