Marcho Partners LLP Acquires 10,359 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Marcho Partners LLP boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 31.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 43,032 shares of the company’s stock after buying an additional 10,359 shares during the quarter. MercadoLibre comprises 19.6% of Marcho Partners LLP’s holdings, making the stock its largest holding. Marcho Partners LLP’s holdings in MercadoLibre were worth $73,173,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. bought a new stake in MercadoLibre in the fourth quarter valued at approximately $23,294,000. Prudential PLC grew its holdings in shares of MercadoLibre by 15.5% in the 4th quarter. Prudential PLC now owns 6,232 shares of the company’s stock valued at $10,597,000 after buying an additional 836 shares during the period. Resolute Advisors LLC increased its position in shares of MercadoLibre by 12.8% in the 4th quarter. Resolute Advisors LLC now owns 185 shares of the company’s stock valued at $315,000 after buying an additional 21 shares in the last quarter. Proem Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth $3,061,000. Finally, Magellan Asset Management Ltd bought a new position in MercadoLibre during the fourth quarter worth about $20,432,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 5.4 %

Shares of MercadoLibre stock opened at $1,841.29 on Friday. The stock has a market cap of $93.35 billion, a P/E ratio of 48.84, a P/E/G 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. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The business’s 50 day moving average is $2,036.90 and its 200-day moving average is $1,968.60.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MELI shares. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and raised their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Susquehanna raised their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a report on Friday, February 21st. The Goldman Sachs Group upped their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Wedbush dropped their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a research note on Tuesday, January 21st. 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $2,402.81.

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.