Janus Henderson Group PLC Has $718.43 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Janus Henderson Group PLC grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422,452 shares of the company's stock after purchasing an additional 6,278 shares during the period. Janus Henderson Group PLC owned about 0.83% of MercadoLibre worth $718,428,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. 1620 Investment Advisors Inc. increased its holdings in shares of MercadoLibre by 2.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after purchasing an additional 5 shares during the period. Texas Yale Capital Corp. increased its holdings in shares of MercadoLibre by 0.3% in the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock valued at $2,779,000 after purchasing an additional 5 shares during the period. Meiji Yasuda Life Insurance Co increased its holdings in shares of MercadoLibre by 0.5% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after purchasing an additional 5 shares during the period. Nvwm LLC increased its holdings in shares of MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after purchasing an additional 6 shares during the period. Finally, Ancora Advisors LLC increased its holdings in shares of MercadoLibre by 10.9% in the 4th quarter. Ancora Advisors LLC now owns 61 shares of the company's stock valued at $104,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

MELI stock traded up $48.88 during midday trading on Wednesday, hitting $2,564.00. 317,206 shares of the company traded hands, compared to its average volume of 382,343. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,564.03. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The business has a 50 day simple moving average of $2,110.31 and a 200-day simple moving average of $1,992.37. The stock has a market capitalization of $129.99 billion, a price-to-earnings ratio of 68.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter last year, the company posted $6.78 earnings per share. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MELI shares. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. StockNews.com upgraded MercadoLibre from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Susquehanna increased their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Bank of America increased their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald dropped their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and an average target price of $2,521.33.

MercadoLibre Company Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.