Flossbach Von Storch AG Has $16.60 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Flossbach Von Storch AG lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 16.8% during the fourth quarter, Holdings Channel reports. The fund owned 10,562 shares of the company’s stock after selling 2,131 shares during the period. Flossbach Von Storch AG’s holdings in MercadoLibre were worth $16,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Morgan Stanley raised its stake in MercadoLibre by 10.2% in the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after acquiring an additional 236,744 shares during the period. Jennison Associates LLC raised its stake in MercadoLibre by 1.3% in the 3rd quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock valued at $2,831,721,000 after acquiring an additional 28,095 shares during the period. WCM Investment Management LLC raised its stake in MercadoLibre by 74.8% in the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after acquiring an additional 497,535 shares during the period. Price T Rowe Associates Inc. MD raised its stake in MercadoLibre by 30.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock valued at $401,841,000 after acquiring an additional 111,751 shares during the period. Finally, William Blair Investment Management LLC raised its stake in MercadoLibre by 6.1% in the 3rd quarter. William Blair Investment Management LLC now owns 411,310 shares of the company’s stock valued at $521,492,000 after acquiring an additional 23,699 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MELI shares. JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Citigroup lowered their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Wedbush reiterated an “outperform” rating and set a $2,000.00 price objective on shares of MercadoLibre in a research report on Tuesday, March 5th. Finally, Susquehanna increased their price objective on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,806.15.

MercadoLibre Price Performance

MercadoLibre stock traded down $0.02 during midday trading on Wednesday, reaching $1,397.86. The company’s stock had a trading volume of 448,600 shares, compared to its average volume of 387,414. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $1,574.80 and a 200-day moving average price of $1,523.84. The stock has a market cap of $70.87 billion, a PE ratio of 71.54, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $3.25 EPS. The business’s revenue was up 42.0% on a year-over-year basis. On average, sell-side analysts predict that MercadoLibre, Inc. will post 35.89 EPS for the current year.

About MercadoLibre

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.