Westview Management dba Westview Investment Advisors Takes Position in MercadoLibre, Inc. $MELI

Key Points

• Westview Management bought 1,600 shares of MercadoLibre in Q4 (about $3.223M), making the stock 1.5% of its portfolio and its 27th-largest holding.
• Institutional investors own roughly 87.62% of MELI, with major funds like Lavaca Capital, Norges Bank, DZ Bank, Flossbach and Wellington significantly increasing positions recently.
• MercadoLibre missed Q4 EPS ($11.03 vs. $11.66 expected) but beat revenue ($8.76B), and analysts keep a consensus "Moderate Buy" with an average target of $2,708.67 despite several price-target cuts while the stock trades near $1,636.

Westview Management dba Westview Investment Advisors bought a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,600 shares of the company's stock, valued at approximately $3,223,000. MercadoLibre accounts for 1.5% of Westview Management dba Westview Investment Advisors' investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Lavaca Capital LLC increased its holdings in MercadoLibre by 140,201.3% in the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company's stock valued at $2,786,888,000 after buying an additional 1,065,530 shares during the period. Norges Bank bought a new position in shares of MercadoLibre during the 2nd quarter worth about $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of MercadoLibre by 304.7% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company's stock worth $666,744,000 after acquiring an additional 192,071 shares during the period. Flossbach Von Storch SE boosted its position in shares of MercadoLibre by 1,669.4% during the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company's stock valued at $424,666,000 after acquiring an additional 171,449 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of MercadoLibre by 28.4% during the 3rd quarter. Wellington Management Group LLP now owns 493,770 shares of the company's stock valued at $1,153,911,000 after acquiring an additional 109,228 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MELI. Barclays dropped their price target on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. Zacks Research upgraded MercadoLibre from a "strong sell" rating to a "hold" rating in a research note on Friday, February 6th. UBS Group dropped 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. Finally, Dbs Bank raised MercadoLibre from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given 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 $2,708.67.

MercadoLibre Trading Down 1.9%

Shares of MELI stock opened at $1,635.76 on Monday. The company has a market capitalization of $82.93 billion, a P/E ratio of 41.52, a P/E/G ratio of 0.80 and a beta of 1.48. MercadoLibre, Inc. has a 12-month low of $1,631.18 and a 12-month high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $1,948.16 and a 200 day moving average price of $2,089.23.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.MercadoLibre's quarterly revenue was up 44.6% compared to the same quarter last year. During the same period in the prior year, the company posted $12.61 earnings per share. Research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre 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.