Annex Advisory Services LLC Has $52.29 Million Stake in MercadoLibre, Inc. $MELI

Key Points

• Annex Advisory Services LLC increased its position in MercadoLibre by 23.5% in Q4, buying an additional 4,935 shares to hold 25,961 shares valued at about $52.29 million (roughly 0.05% of the company).
• MercadoLibre reported $11.03 EPS and $8.76 billion in revenue for the most recent quarter, has a market cap of $93.32 billion and metrics including a P/E of 46.72, ROE of 33.73% and a 1‑year trading range of $1,593.21–$2,645.22.
• Analysts give a consensus rating of Moderate Buy with an average price target of $2,695.33 (most ratings are Buy), and institutional investors own about 87.62% of the stock.

Annex Advisory Services LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,961 shares of the company's stock after purchasing an additional 4,935 shares during the period. Annex Advisory Services LLC owned about 0.05% of MercadoLibre worth $52,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PFW Advisors LLC increased its holdings in MercadoLibre by 4.8% in the third quarter. PFW Advisors LLC now owns 110 shares of the company's stock valued at $257,000 after purchasing an additional 5 shares during the period. Yousif Capital Management LLC increased its holdings in MercadoLibre by 3.5% in the third quarter. Yousif Capital Management LLC now owns 147 shares of the company's stock valued at $344,000 after purchasing an additional 5 shares during the period. Wilkinson Global Asset Management LLC increased its holdings in MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company's stock valued at $528,000 after purchasing an additional 5 shares during the period. Hardy Reed LLC increased its holdings in MercadoLibre by 4.0% in the third quarter. Hardy Reed LLC now owns 131 shares of the company's stock valued at $306,000 after purchasing an additional 5 shares during the period. Finally, Rothschild Investment LLC increased its holdings in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company's stock valued at $44,000 after purchasing an additional 5 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,840.66 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $1,803.51 and a two-hundred day moving average price of $2,004.76. MercadoLibre, Inc. has a 1-year low of $1,593.21 and a 1-year high of $2,645.22. The company has a market cap of $93.32 billion, a P/E ratio of 46.72, a PEG ratio of 0.96 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $11.03 earnings per share for the quarter. The firm had revenue of $8.76 billion during the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MELI. Morgan Stanley decreased their price objective on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a report on Monday, March 9th. Zacks Research upgraded MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Friday, February 6th. BTIG Research reiterated a "buy" rating and set a $2,400.00 price target on shares of MercadoLibre in a report on Friday, April 10th. Cantor Fitzgerald decreased their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings downgraded MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,695.33.

About MercadoLibre

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.