Blair William & Co. IL Has $7.79 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• Blair William & Co. IL has increased its stake in MercadoLibre by 13.7%, owning 3,993 shares valued at approximately $7.79 million as of its latest SEC filing.
• MercadoLibre reported earnings per share of $10.31, missing estimates, but achieved revenue of $6.79 billion which exceeded analyst expectations.
• A variety of institutional investors have recently increased their holdings in MercadoLibre, with hedge funds owning 87.62% of the company's stock.

Blair William & Co. IL raised its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,993 shares of the company's stock after buying an additional 481 shares during the quarter. Blair William & Co. IL's holdings in MercadoLibre were worth $7,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in MercadoLibre by 8.0% in the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock valued at $4,108,079,000 after buying an additional 179,807 shares in the last quarter. Capital International Investors lifted its position in shares of MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the period. Capital World Investors lifted its position in shares of MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after acquiring an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of MercadoLibre by 41.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after acquiring an additional 405,425 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of MercadoLibre by 1.6% during the 1st quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock valued at $2,251,531,000 after acquiring an additional 18,731 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Up 0.8%

MercadoLibre stock traded up $18.88 during trading hours on Friday, hitting $2,353.70. The stock had a trading volume of 303,477 shares, compared to its average volume of 345,695. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The stock has a market cap of $119.33 billion, a price-to-earnings ratio of 58.13, a P/E/G ratio of 1.43 and a beta of 1.46. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The business's 50 day simple moving average is $2,437.60 and its 200-day simple moving average is $2,241.91.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. MercadoLibre's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.48 earnings per share. On average, equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MELI shares. Jefferies Financial Group reiterated a "hold" rating and set a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday. The Goldman Sachs Group upped their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald reiterated an "overweight" rating and set a $2,700.00 target price on shares of MercadoLibre in a research report on Tuesday. Benchmark reiterated a "buy" rating and set a $2,875.00 target price on shares of MercadoLibre in a research report on Tuesday. Finally, UBS Group set a $3,000.00 target price on MercadoLibre in a research report on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,795.00.

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.