Schroder Investment Management Group Has $753.56 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Schroder Investment Management Group lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 443,156 shares of the company's stock after acquiring an additional 38,261 shares during the period. MercadoLibre comprises approximately 0.7% of Schroder Investment Management Group's holdings, making the stock its 24th largest holding. Schroder Investment Management Group owned about 0.87% of MercadoLibre worth $753,560,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MELI. Human Investing LLC acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. increased its position in MercadoLibre by 220.0% in 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 period. Brown Lisle Cummings Inc. increased its position in 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 buying an additional 8 shares during the period. Heck Capital Advisors LLC bought a new stake in MercadoLibre in the fourth quarter valued at $32,000. Finally, Mather Group LLC. boosted its holdings in shares of MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after acquiring an additional 12 shares during the period. 87.62% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MELI. JPMorgan Chase & Co. increased their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Cantor Fitzgerald lifted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Susquehanna lifted their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Finally, New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and increased their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $2,402.81.

MercadoLibre Price Performance

MELI stock traded down $35.87 on Tuesday, hitting $1,915.00. 682,422 shares of the company's stock traded hands, compared to its average volume of 376,758. The stock has a market cap of $97.08 billion, a price-to-earnings ratio of 50.80, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $2,030.68 and a 200-day moving average of $1,972.33.

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

MercadoLibre 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.