Executive Wealth Management LLC purchased a new position in Mercadolibre Inc (NASDAQ:MELI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 381 shares of the company’s stock, valued at approximately $112,000.

A number of other hedge funds also recently added to or reduced their stakes in MELI. Capital Research Global Investors raised its stake in Mercadolibre by 345.8% in the third quarter. Capital Research Global Investors now owns 2,692,759 shares of the company’s stock worth $916,804,000 after buying an additional 2,088,781 shares in the last quarter. Coronation Fund Managers Ltd. raised its stake in Mercadolibre by 22,651.7% in the fourth quarter. Coronation Fund Managers Ltd. now owns 219,099 shares of the company’s stock worth $64,163,000 after buying an additional 218,136 shares in the last quarter. RWC Asset Advisors US LLC bought a new position in Mercadolibre in the fourth quarter worth about $46,149,000. 1832 Asset Management L.P. bought a new position in Mercadolibre in the fourth quarter worth about $38,915,000. Finally, Dorsal Capital Management LLC raised its stake in Mercadolibre by 144.4% in the third quarter. Dorsal Capital Management LLC now owns 220,000 shares of the company’s stock worth $74,903,000 after buying an additional 130,000 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

MELI has been the subject of a number of analyst reports. ValuEngine downgraded shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 29th. BidaskClub downgraded shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 25th. BTIG Research restated a “buy” rating and issued a $410.00 target price on shares of Mercadolibre in a report on Wednesday, January 16th. Goldman Sachs Group initiated coverage on shares of Mercadolibre in a report on Tuesday, February 5th. They issued a “buy” rating and a $438.00 target price on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $460.00 target price on shares of Mercadolibre in a report on Wednesday, February 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Mercadolibre currently has an average rating of “Buy” and an average target price of $425.67.

Shares of Mercadolibre stock opened at $484.94 on Thursday. The firm has a market cap of $21.92 billion, a PE ratio of -591.39 and a beta of 2.21. Mercadolibre Inc has a 1-year low of $257.52 and a 1-year high of $514.90. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.29 and a current ratio of 1.30.

Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings results on Tuesday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $400.80 million. Mercadolibre had a negative net margin of 2.54% and a negative return on equity of 13.47%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted ($1.53) EPS. As a group, equities analysts expect that Mercadolibre Inc will post 0.39 EPS for the current fiscal year.

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About Mercadolibre

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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