AMS Capital Ltda increased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1,381.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,235 shares of the company's stock after acquiring an additional 11,409 shares during the quarter. MercadoLibre comprises 9.5% of AMS Capital Ltda's investment portfolio, making the stock its 6th largest holding. AMS Capital Ltda's holdings in MercadoLibre were worth $24,644,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in MercadoLibre in the 2nd quarter worth about $29,000. Holos Integrated Wealth LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $32,000. Steigerwald Gordon & Koch Inc. purchased a new position in MercadoLibre during the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre during the 3rd quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. grew its holdings in MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock valued at $37,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on MELI. UBS Group reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating for the company in a report on Friday, February 27th. Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Friday, February 6th. Cantor Fitzgerald reduced their target price 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. Itau BBA Securities reaffirmed an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, Weiss Ratings lowered 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,695.33.
Read Our Latest Stock Analysis on MELI
MercadoLibre Stock Performance
NASDAQ MELI opened at $1,742.30 on Wednesday. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market capitalization of $88.33 billion, a P/E ratio of 44.22, a P/E/G ratio of 0.90 and a beta of 1.49. The company has a fifty day moving average of $1,840.83 and a 200-day moving average of $2,028.78.
MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $11.03 earnings per share (EPS) for the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The company had revenue of $8.76 billion during the quarter. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
MercadoLibre Company Profile
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Free Report)
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.
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