Howland Capital Management LLC Acquires 353 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Howland Capital Management LLC increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,420 shares of the company’s stock after acquiring an additional 353 shares during the quarter. MercadoLibre comprises about 1.2% of Howland Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Howland Capital Management LLC’s holdings in MercadoLibre were worth $24,826,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MELI. First PREMIER Bank bought a new stake in MercadoLibre during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at about $28,000. Archer Investment Corp bought a new stake in MercadoLibre during the 4th quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in MercadoLibre during the 4th quarter valued at about $36,000. Finally, DSM Capital Partners LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at about $36,000. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target on the stock in a report on Tuesday, April 23rd. Citigroup dropped their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. New Street Research downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Finally, Barclays raised their price objective on shares of MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $1,922.08.

MercadoLibre Trading Up 0.3 %

MELI stock traded up $5.10 during mid-day trading on Thursday, reaching $1,708.65. 258,812 shares of the stock traded hands, compared to its average volume of 372,290. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. MercadoLibre, Inc. has a one year low of $1,126.84 and a one year high of $1,825.00. The stock has a market capitalization of $86.63 billion, a PE ratio of 77.16, a PEG ratio of 1.23 and a beta of 1.60. The business has a 50-day moving average price of $1,654.53 and a two-hundred day moving average price of $1,609.29.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the firm earned $3.97 earnings per share. The business’s revenue was up 36.0% on a year-over-year basis. Equities research analysts expect that MercadoLibre, Inc. will post 33.81 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.