Massachusetts Financial Services Co. MA Has $183.34 Million Position in MercadoLibre, Inc. $MELI

by · The Markets Daily

Massachusetts Financial Services Co. MA boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,020 shares of the company’s stock after purchasing an additional 4,321 shares during the period. Massachusetts Financial Services Co. MA’s holdings in MercadoLibre were worth $183,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. City Holding Co. lifted its stake in MercadoLibre by 300.0% during the fourth quarter. City Holding Co. now owns 20 shares of the company’s stock worth $40,000 after purchasing an additional 15 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in MercadoLibre by 1,250.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 54 shares of the company’s stock worth $109,000 after purchasing an additional 50 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in MercadoLibre by 12.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,034 shares of the company’s stock worth $4,097,000 after purchasing an additional 227 shares during the last quarter. Brookwood Investment Group LLC lifted its stake in MercadoLibre by 13.7% during the fourth quarter. Brookwood Investment Group LLC now owns 265 shares of the company’s stock worth $534,000 after purchasing an additional 32 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in MercadoLibre during the fourth quarter worth $1,478,000. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $2,650.00 to $2,100.00 in a research note on Thursday, March 12th. Cantor Fitzgerald cut their target price on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Barclays cut their target price on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research note 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. 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 note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,695.33.

Get Our Latest Analysis on MELI

MercadoLibre Price Performance

Shares of MELI opened at $1,773.96 on Monday. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22. The stock has a market capitalization of $89.94 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 0.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The stock has a fifty day moving average of $1,814.99 and a 200-day moving average of $2,013.83.

MercadoLibre (NASDAQ:MELIGet Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS 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. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Company Profile

(Free Report)

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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