PKO Investment Management Joint Stock Co Purchases 700 Shares of MercadoLibre, Inc. $MELI

Key Points

• PKO Investment Management raised its stake in MercadoLibre (MELI) by 28%, buying 700 shares to hold 3,200 shares worth $6,446,000 at the end of the quarter.
• Institutional investors own 87.62% of MercadoLibre, and several smaller funds also initiated or increased modest positions during the period.
• Analysts’ consensus remains a "Moderate Buy" with a mean price target of $2,685.33, even as firms like UBS, Wedbush and Barclays recently trimmed their targets.

PKO Investment Management Joint Stock Co grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 28.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,200 shares of the company's stock after buying an additional 700 shares during the period. PKO Investment Management Joint Stock Co's holdings in MercadoLibre were worth $6,446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new stake in MercadoLibre in the 2nd quarter valued at about $29,000. Laurel Wealth Advisors LLC bought a new position in MercadoLibre during the fourth quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of MercadoLibre in the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of MercadoLibre in the third quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company's stock valued at $37,000 after purchasing an additional 8 shares during the period. Institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,850.05 on Friday. The company has a 50 day moving average of $1,760.90 and a 200 day moving average of $1,972.77. The stock has a market cap of $93.80 billion, a P/E ratio of 46.96, a P/E/G ratio of 0.92 and a beta of 1.41. MercadoLibre, Inc. has a 12 month low of $1,593.21 and a 12 month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

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

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent research reports. UBS Group dropped their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Wedbush lowered their target price on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Barclays dropped their target price on MercadoLibre from $2,600.00 to $2,500.00 and set an "overweight" rating on the stock in a research report on Monday, April 20th. 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. Finally, Weiss Ratings cut MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $2,685.33.

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.

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