Penserra Capital Management LLC lifted its holdings in Mercadolibre Inc (NASDAQ:MELI) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,521 shares of the company’s stock after buying an additional 21,294 shares during the quarter. Mercadolibre accounts for 2.9% of Penserra Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Penserra Capital Management LLC’s holdings in Mercadolibre were worth $22,189,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. River & Mercantile Asset Management LLP boosted its stake in shares of Mercadolibre by 185.1% in the fourth quarter. River & Mercantile Asset Management LLP now owns 44,008 shares of the company’s stock valued at $13,848,000 after buying an additional 28,570 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Mercadolibre by 2.5% in the fourth quarter. California Public Employees Retirement System now owns 91,903 shares of the company’s stock valued at $28,918,000 after buying an additional 2,220 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Mercadolibre in the fourth quarter valued at approximately $208,000. Teacher Retirement System of Texas purchased a new stake in shares of Mercadolibre in the fourth quarter valued at approximately $3,549,000. Finally, WCM Investment Management CA boosted its stake in shares of Mercadolibre by 1.1% in the fourth quarter. WCM Investment Management CA now owns 242,905 shares of the company’s stock valued at $76,433,000 after buying an additional 2,549 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $2,744,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the company. Piper Jaffray Companies lifted their price target on Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Credit Suisse Group boosted their target price on Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and set a $290.00 target price on shares of Mercadolibre in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and set a $415.00 target price (up from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Finally, BidaskClub upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mercadolibre has a consensus rating of “Buy” and a consensus price target of $307.58.

Shares of Mercadolibre Inc (NASDAQ:MELI) opened at $335.86 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $14,830.69, a price-to-earnings ratio of 111.58, a price-to-earnings-growth ratio of 4.40 and a beta of 2.15. Mercadolibre Inc has a 12-month low of $190.07 and a 12-month high of $395.67.

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About Mercadolibre

MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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