Zevin Asset Management LLC Has $29.77 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Zevin Asset Management LLC boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,507 shares of the company’s stock after purchasing an additional 744 shares during the quarter. MercadoLibre accounts for about 4.4% of Zevin Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Zevin Asset Management LLC’s holdings in MercadoLibre were worth $29,769,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MELI. Swedbank AB grew its holdings in 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. Apollon Wealth Management LLC grew its holdings in MercadoLibre by 19.9% during the third quarter. Apollon Wealth Management LLC now owns 427 shares of the company’s stock valued at $876,000 after purchasing an additional 71 shares during the period. KBC Group NV grew its holdings in MercadoLibre by 205.5% during the third quarter. KBC Group NV now owns 26,279 shares of the company’s stock valued at $53,923,000 after purchasing an additional 17,677 shares during the period. Zions Bancorporation N.A. grew its holdings in MercadoLibre by 976.9% during the third quarter. Zions Bancorporation N.A. now owns 140 shares of the company’s stock valued at $287,000 after purchasing an additional 127 shares during the period. Finally, Curi RMB Capital LLC acquired a new position in MercadoLibre during the third quarter valued at approximately $330,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI opened at $2,021.37 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $1,966.98 and a 200 day simple moving average of $1,969.77. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The stock has a market capitalization of $102.48 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. Research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MELI. Barclays boosted their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wedbush reduced their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and upped their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Susquehanna upped their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Company 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.