MercadoLibre, Inc. $MELI Stake Increased by Vanguard Group Inc.

Key Points

• Vanguard Group boosted its stake in MercadoLibre by 1.1% in Q4 to 219,309 shares, representing 0.43% ownership and valued at $441,745,000.
• Other large institutions—most notably Baillie Gifford, Capital Research and Capital World Investors—also increased holdings, leaving institutional and hedge fund ownership at about 87.62%.
• MercadoLibre has a market cap of $92.18B, reported $11.03 EPS and $8.76B revenue for the quarter, and carries a consensus analyst rating of "Moderate Buy" with a $2,685.33 target price.

Vanguard Group Inc. boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,309 shares of the company's stock after acquiring an additional 2,432 shares during the period. Vanguard Group Inc. owned 0.43% of MercadoLibre worth $441,745,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in MercadoLibre by 4.9% in the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company's stock valued at $7,012,773,000 after buying an additional 164,120 shares during the last quarter. Capital Research Global Investors grew its position in shares of MercadoLibre by 3.4% in the 3rd quarter. Capital Research Global Investors now owns 1,816,092 shares of the company's stock worth $4,244,604,000 after acquiring an additional 59,838 shares in the last quarter. Capital World Investors increased its holdings in shares of MercadoLibre by 1.3% in the 3rd quarter. Capital World Investors now owns 1,740,129 shares of the company's stock valued at $4,067,194,000 after acquiring an additional 22,659 shares during the last quarter. Schroder Investment Management Group increased its stake in MercadoLibre by 9.8% during the third quarter. Schroder Investment Management Group now owns 572,726 shares of the company's stock valued at $1,432,565,000 after purchasing an additional 50,893 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of MercadoLibre by 0.4% during the third quarter. WCM Investment Management LLC now owns 497,518 shares of the company's stock worth $1,244,447,000 after purchasing an additional 1,833 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Up 0.3%

NASDAQ:MELI opened at $1,818.23 on Wednesday. The stock has a market cap of $92.18 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 0.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The business has a fifty day moving average of $1,757.32 and a 200-day moving average of $1,969.85.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on MELI. BTIG Research reaffirmed a "buy" rating and issued a $2,400.00 price target on shares of MercadoLibre in a report on Friday, April 10th. Barclays reduced their price objective on MercadoLibre from $2,600.00 to $2,500.00 and set an "overweight" rating for the company in a research report on Monday, April 20th. Itau BBA Securities reiterated an "outperform" rating on shares of MercadoLibre in a research note on Wednesday, February 25th. Cantor Fitzgerald lowered their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an "overweight" rating for the company in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group raised shares of MercadoLibre from a "hold" rating to a "buy" rating and reduced their target price for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,685.33.

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.

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