MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,105 shares of the company’s stock after purchasing an additional 40 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in MercadoLibre were worth $1,737,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WCM Investment Management LLC lifted its holdings in MercadoLibre by 74.8% in the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after buying an additional 497,535 shares in the last quarter. Morgan Stanley raised its holdings in MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after purchasing an additional 236,744 shares in the last quarter. International Assets Investment Management LLC raised its holdings in MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of MercadoLibre by 108.1% in the third quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock valued at $248,475,000 after buying an additional 101,757 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC increased its holdings in shares of MercadoLibre by 70.9% in the third quarter. Hardman Johnston Global Advisors LLC now owns 203,083 shares of the company’s stock valued at $257,485,000 after buying an additional 84,239 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded down $4.38 during midday trading on Thursday, hitting $1,365.62. The stock had a trading volume of 118,118 shares, compared to its average volume of 382,989. The company has a market capitalization of $69.24 billion, a P/E ratio of 70.11, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $1,538.78 and its 200-day moving average price is $1,528.66. MercadoLibre, Inc. has a fifty-two week low of $1,063.02 and a fifty-two week high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm earned $3.25 earnings per share. The company’s revenue was up 42.0% compared to the same quarter last year. As a group, equities research analysts predict that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MELI. Wedbush lowered their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Wednesday. Susquehanna boosted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup lowered their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Finally, Barclays lowered their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,790.36.

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.