Zevin Asset Management LLC Raises Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Zevin Asset Management LLC grew its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,507 shares of the company’s stock after purchasing an additional 744 shares during the quarter. MercadoLibre makes up approximately 4.4% of Zevin Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Zevin Asset Management LLC’s holdings in MercadoLibre were worth $29,769,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MELI. Swedbank AB raised its position in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares during the period. Apollon Wealth Management LLC raised its position in shares of MercadoLibre by 19.9% in the third quarter. Apollon Wealth Management LLC now owns 427 shares of the company’s stock valued at $876,000 after purchasing an additional 71 shares during the period. KBC Group NV raised its position in shares of MercadoLibre by 205.5% in the third quarter. KBC Group NV now owns 26,279 shares of the company’s stock valued at $53,923,000 after purchasing an additional 17,677 shares during the period. Zions Bancorporation N.A. raised its position in shares of MercadoLibre by 976.9% in the third quarter. Zions Bancorporation N.A. now owns 140 shares of the company’s stock valued at $287,000 after purchasing an additional 127 shares during the period. Finally, Curi RMB Capital LLC bought a new position in shares of MercadoLibre in the third quarter valued at about $330,000. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MELI has been the topic of several research analyst reports. The Goldman Sachs Group increased their price objective on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Barclays upped their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald upped their price target on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup decreased their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Bank of America upped their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Two equities research 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $2,402.81.

MercadoLibre Trading Up 1.6 %

Shares of MercadoLibre stock opened at $2,021.37 on Friday. The company has a market capitalization of $102.48 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $1,966.98 and its two-hundred day moving average price is $1,969.77. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54.

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

MercadoLibre Company 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.