MercadoLibre, Inc. (NASDAQ:MELI) Stock Position Raised by Redpoint Investment Management Pty Ltd


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Redpoint Investment Management Pty Ltd raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 53.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,211 shares of the company’s stock after purchasing an additional 423 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in MercadoLibre were worth $2,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MELI. WCM Investment Management LLC increased its holdings in shares of MercadoLibre by 3.8% during the 3rd quarter. WCM Investment Management LLC now owns 2,367,579 shares of the company’s stock valued at $2,562,857,000 after acquiring an additional 87,645 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of MercadoLibre by 19.6% during the 3rd quarter. Jennison Associates LLC now owns 1,082,707 shares of the company’s stock valued at $1,172,009,000 after acquiring an additional 177,387 shares during the last quarter. Sands Capital Management LLC increased its holdings in shares of MercadoLibre by 30.5% during the 3rd quarter. Sands Capital Management LLC now owns 520,331 shares of the company’s stock valued at $563,248,000 after acquiring an additional 121,696 shares during the last quarter. Morgan Stanley increased its holdings in shares of MercadoLibre by 5.0% during the 3rd quarter. Morgan Stanley now owns 413,518 shares of the company’s stock valued at $447,625,000 after acquiring an additional 19,555 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of MercadoLibre by 10.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 168,460 shares of the company’s stock valued at $182,355,000 after acquiring an additional 16,422 shares during the last quarter. 75.66% of the stock is owned by institutional investors.

Shares of MELI stock opened at $1,798.19 on Thursday. The stock has a 50 day moving average of $1,636.80 and a two-hundred day moving average of $1,272.88. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.35. MercadoLibre, Inc. has a 12 month low of $422.22 and a 12 month high of $1,845.25. The company has a market capitalization of $89.68 billion, a P/E ratio of -11,237.99 and a beta of 1.66.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.20. MercadoLibre had a negative return on equity of 0.22% and a negative net margin of 0.12%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same quarter last year, the company earned ($2.96) EPS. The company’s quarterly revenue was up 85.0% on a year-over-year basis. Sell-side analysts predict that MercadoLibre, Inc. will post 1.45 earnings per share for the current fiscal year.

MELI has been the topic of a number of analyst reports. BidaskClub raised MercadoLibre from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Santander raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,980.00 price objective on the stock in a report on Tuesday, December 22nd. Barclays raised their target price on MercadoLibre from $1,350.00 to $1,460.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. UBS Group raised their target price on MercadoLibre from $1,400.00 to $1,530.00 and gave the company a “buy” rating in a report on Thursday, November 5th. Finally, BTIG Research lowered MercadoLibre from a “buy” rating to a “neutral” rating in a report on Wednesday, December 16th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. MercadoLibre presently has a consensus rating of “Buy” and a consensus target price of $1,335.35.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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