Investidor Profissional Gestao de Recursos Ltda. acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,881 shares of the company’s stock, valued at approximately $10,168,000. MercadoLibre comprises about 3.3% of Investidor Profissional Gestao de Recursos Ltda.’s investment portfolio, making the stock its 7th largest position.
Other hedge funds have also modified their holdings of the company. Baillie Gifford & Co. lifted its position in MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock valued at $7,012,773,000 after purchasing an additional 164,120 shares during the last quarter. Capital Research Global Investors increased its stake in MercadoLibre by 22.5% in the fourth quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock worth $4,481,812,000 after purchasing an additional 408,939 shares during the period. Capital International Investors lifted its holdings in MercadoLibre by 7.3% during the 4th quarter. Capital International Investors now owns 1,725,125 shares of the company’s stock valued at $3,474,880,000 after buying an additional 118,018 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of MercadoLibre by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,583,071 shares of the company’s stock valued at $3,188,718,000 after purchasing an additional 137,100 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of MercadoLibre by 26.4% during the 4th quarter. Janus Henderson Group PLC now owns 604,096 shares of the company’s stock worth $1,216,807,000 after buying an additional 126,294 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.
MercadoLibre Stock Performance
Shares of MELI opened at $1,822.65 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. The stock has a 50 day moving average price of $1,692.28 and a 200 day moving average price of $1,818.66. The company has a market capitalization of $92.41 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Barclays lowered their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. BTIG Research reiterated a “buy” rating and issued a $2,150.00 target price on shares of MercadoLibre in a research report on Tuesday, June 2nd. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a report on Friday, May 8th. Finally, Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price on the stock. in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,258.67.
Check Out Our Latest Report on MercadoLibre
Insider Buying and Selling
In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of MercadoLibre stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares in the company, valued at $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.
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.
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