Robeco Institutional Asset Management B.V. Has $278.85 Million Stock Position in MercadoLibre, Inc. $MELI

by · The Markets Daily

Robeco Institutional Asset Management B.V. lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,436 shares of the company’s stock after selling 4,543 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.27% of MercadoLibre worth $278,846,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Capital Research Global Investors boosted its holdings in MercadoLibre by 3.4% in the third 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 boosted its holdings in MercadoLibre by 1.3% in the third quarter. Capital World Investors now owns 1,740,129 shares of the company’s stock worth $4,067,194,000 after acquiring an additional 22,659 shares in the last quarter. Schroder Investment Management Group boosted its holdings in MercadoLibre by 9.8% in the third quarter. Schroder Investment Management Group now owns 572,726 shares of the company’s stock worth $1,432,565,000 after acquiring an additional 50,893 shares in the last quarter. WCM Investment Management LLC boosted its holdings in MercadoLibre by 0.4% in the third quarter. WCM Investment Management LLC now owns 497,518 shares of the company’s stock worth $1,244,447,000 after acquiring an additional 1,833 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in MercadoLibre by 28.4% in the third quarter. Wellington Management Group LLP now owns 493,770 shares of the company’s stock worth $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.

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

Wall Street Analyst Weigh In

Several brokerages have issued reports on MELI. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lowered MercadoLibre from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Wedbush cut their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. BTIG Research cut their price target on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and cut their price target for the stock from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,695.33.

Read Our Latest Stock Analysis on MercadoLibre

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,773.96 on Friday. The business’s fifty day simple moving average is $1,814.99 and its 200 day simple moving average is $2,017.31. The firm has a market capitalization of $89.94 billion, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 0.93 and a beta of 1.49. 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:MELIGet Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The business had revenue of $8.76 billion for the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

About MercadoLibre

(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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