MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,478 shares of the company’s stock after purchasing an additional 84 shares during the period. Donaldson Capital Management LLC’s holdings in MercadoLibre were worth $2,513,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MELI. Swedbank AB increased its holdings in shares of MercadoLibre by 352.8% during the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares during the period. QRG Capital Management Inc. acquired a new position in MercadoLibre during the third quarter worth about $293,000. Assetmark Inc. grew its holdings in MercadoLibre by 11.1% during the third quarter. Assetmark Inc. now owns 4,042 shares of the company’s stock worth $8,294,000 after acquiring an additional 404 shares during the period. Atria Investments Inc grew its holdings in MercadoLibre by 5.3% during the third quarter. Atria Investments Inc now owns 3,105 shares of the company’s stock worth $6,371,000 after acquiring an additional 157 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its holdings in MercadoLibre by 15.9% during the third quarter. Mesirow Financial Investment Management Inc. now owns 160 shares of the company’s stock worth $328,000 after acquiring an additional 22 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Barclays lifted their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Susquehanna lifted their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Finally, Cantor Fitzgerald lifted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre has a consensus rating of “Buy” and a consensus price target of $2,402.81.

MercadoLibre Trading Down 3.2 %

NASDAQ:MELI opened at $1,944.61 on Tuesday. The stock has a market cap of $98.59 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The stock’s 50-day moving average is $1,946.86 and its two-hundred day moving average is $1,969.34. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre 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.