Winslow Capital Management LLC decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 99.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171 shares of the company's stock after selling 206,481 shares during the quarter. Winslow Capital Management LLC's holdings in MercadoLibre were worth $291,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MELI. EP Wealth Advisors LLC boosted its holdings in shares of MercadoLibre by 47.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 216 shares of the company's stock worth $443,000 after purchasing an additional 70 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of MercadoLibre by 1.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 812 shares of the company's stock valued at $1,666,000 after acquiring an additional 14 shares during the last quarter. MML Investors Services LLC raised its stake in MercadoLibre by 2.0% during the third quarter. MML Investors Services LLC now owns 4,379 shares of the company's stock worth $8,986,000 after purchasing an additional 87 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in MercadoLibre by 1.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 15,995 shares of the company's stock valued at $32,821,000 after acquiring an additional 227 shares during the last quarter. Finally, Vestcor Inc lifted its stake in shares of MercadoLibre by 26.9% in the 3rd quarter. Vestcor Inc now owns 2,045 shares of the company's stock valued at $4,196,000 after purchasing an additional 433 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
MercadoLibre Stock Performance
Shares of MELI stock traded up $6.05 on Monday, hitting $2,003.00. 134,023 shares of the stock traded hands, compared to its average volume of 387,055. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. The company's fifty day moving average is $2,036.16 and its 200 day moving average is $1,957.92. The company has a market capitalization of $101.55 billion, a PE ratio of 53.13, a PEG ratio of 1.12 and a beta of 1.62.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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. The company had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Morgan Stanley lowered 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 note on Thursday. Cantor Fitzgerald lifted their target price on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $2,409.69.
View Our Latest Report on MELI
About MercadoLibre
(
Free Report)
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.
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