Denver Wealth Management Inc. Purchases Shares of 152 MercadoLibre, Inc. (NASDAQ:MELI)

Denver Wealth Management Inc. purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 152 shares of the company’s stock, valued at approximately $239,000.

Several other large investors have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after purchasing an additional 236,744 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of MercadoLibre by 1.3% in the third quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock worth $2,831,721,000 after buying an additional 28,095 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of MercadoLibre by 6,564.6% in the third quarter. WCM Investment Management LLC now owns 665,189 shares of the company’s stock worth $842,508,000 after buying an additional 655,208 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of MercadoLibre by 30.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock worth $401,841,000 after buying an additional 111,751 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of MercadoLibre by 6.1% in the third quarter. William Blair Investment Management LLC now owns 411,310 shares of the company’s stock worth $521,492,000 after buying an additional 23,699 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,504.98 on Thursday. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The stock has a market cap of $76.30 billion, a PE ratio of 77.02, a P/E/G ratio of 0.99 and a beta of 1.44. The stock has a 50 day moving average price of $1,637.26 and a 200 day moving average price of $1,512.47.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the business posted $3.25 EPS. MercadoLibre’s revenue for the quarter was up 42.0% compared to the same quarter last year. Equities research analysts expect that MercadoLibre, Inc. will post 36.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of recent research reports. Susquehanna upped their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Barclays lowered their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup reduced their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. JPMorgan Chase & Co. increased their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,806.15.

View Our Latest Research Report on MELI

MercadoLibre Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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