Donaldson Capital Management LLC Has $7.87 Million Stock Position in MercadoLibre, Inc. $MELI

Donaldson Capital Management LLC grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 45.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,907 shares of the company’s stock after buying an additional 1,229 shares during the period. Donaldson Capital Management LLC’s holdings in MercadoLibre were worth $7,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its position in shares of MercadoLibre by 5.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 912 shares of the company’s stock valued at $1,837,000 after purchasing an additional 48 shares during the period. Exchange Traded Concepts LLC lifted its position in MercadoLibre by 55.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,806 shares of the company’s stock worth $43,923,000 after purchasing an additional 7,819 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in MercadoLibre by 40.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 373 shares of the company’s stock worth $751,000 after buying an additional 108 shares in the last quarter. Net Worth Advisory Group boosted its stake in MercadoLibre by 3.9% during the fourth quarter. Net Worth Advisory Group now owns 160 shares of the company’s stock worth $322,000 after buying an additional 6 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in MercadoLibre by 9.1% in the 4th quarter. Capital Investment Advisors LLC now owns 191 shares of the company’s stock valued at $384,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MELI shares. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Barclays cut their price target on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings downgraded MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,708.67.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,599.52 on Monday. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The company’s fifty day moving average is $1,901.13 and its 200-day moving average is $2,062.78. The company has a market capitalization of $81.10 billion, a PE ratio of 40.60, a P/E/G ratio of 0.81 and a beta of 1.48.

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

MercadoLibre Company Profile

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.