E. Ohman J or Asset Management AB Has $9.91 Million Stock Holdings in MercadoLibre, Inc. $MELI

E. Ohman J or Asset Management AB increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 115.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,920 shares of the company’s stock after purchasing an additional 2,635 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in MercadoLibre were worth $9,910,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MELI. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre during the second quarter worth $29,000. Holos Integrated Wealth LLC bought a new stake in MercadoLibre in the 4th quarter valued at $32,000. Steigerwald Gordon & Koch Inc. acquired a new position in MercadoLibre in the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in MercadoLibre in the 3rd quarter worth $35,000. Finally, Cullen Frost Bankers Inc. increased its holdings in MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 1.9%

NASDAQ MELI opened at $1,666.08 on Tuesday. MercadoLibre, Inc. has a 12 month low of $1,631.18 and a 12 month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $1,938.48 and a 200-day moving average of $2,083.94. The company has a market cap of $84.47 billion, a PE ratio of 42.29, a PEG ratio of 0.80 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The business’s revenue was up 44.6% compared to the same quarter last year. During the same period last year, the company posted $12.61 earnings per share. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. BTIG Research dropped their price target on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a research note on Friday. Wedbush decreased their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Barclays cut their target price on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,708.67.

About MercadoLibre

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.