MercadoLibre, Inc. $MELI Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its stake in MercadoLibre by 20.6% in Q4 to 165,884 shares — about 0.33% of the company valued at approximately $334.1 million.
• Analysts have trimmed price targets (e.g., Morgan Stanley to $2,600, Wedbush to $2,400, UBS to $2,700), but the consensus remains a Moderate Buy with an average price target of $2,685.33.
• MercadoLibre is trading near $1,818 (1-year range $1,593–$2,645), has a market cap of $92.18B and a P/E of 46.15, and reported quarterly EPS of $11.03 on $8.76B in revenue.

Swedbank AB grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 20.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 165,884 shares of the company's stock after buying an additional 28,309 shares during the period. Swedbank AB owned 0.33% of MercadoLibre worth $334,134,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in MercadoLibre in the second quarter worth $29,000. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre during the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock valued at $37,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Monday, March 9th. Weiss Ratings downgraded MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, January 8th. Zacks Research cut MercadoLibre from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 22nd. Wedbush decreased their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 25th. Finally, UBS Group dropped their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating for the company in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2,685.33.

MercadoLibre Trading Up 0.3%

Shares of MercadoLibre stock opened at $1,818.23 on Wednesday. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The business has a 50 day moving average price of $1,757.32 and a 200 day moving average price of $1,969.85. The company has a market capitalization of $92.18 billion, a P/E ratio of 46.15, a P/E/G ratio of 0.90 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $11.03 earnings per share for the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company had revenue of $8.76 billion during the quarter. Sell-side analysts anticipate that MercadoLibre, Inc. will post 48.79 EPS for the current fiscal year.

MercadoLibre Company Profile

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.

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.