MercadoLibre, Inc. (NASDAQ:MELI) Holdings Raised by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 217.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,141 shares of the company’s stock after purchasing an additional 31,587 shares during the period. MercadoLibre comprises about 0.5% of Voloridge Investment Management LLC’s holdings, making the stock its 29th biggest holding. Voloridge Investment Management LLC’s holdings in MercadoLibre were worth $67,926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MELI. Sands Capital Management LLC lifted its holdings in shares of MercadoLibre by 107.9% during the fourth quarter. Sands Capital Management LLC now owns 1,081,766 shares of the company’s stock valued at $1,812,196,000 after purchasing an additional 561,435 shares during the last quarter. Norges Bank acquired a new position in MercadoLibre during the fourth quarter valued at $808,287,000. Lone Pine Capital LLC raised its position in MercadoLibre by 179.5% during the fourth quarter. Lone Pine Capital LLC now owns 597,111 shares of the company’s stock valued at $1,000,292,000 after buying an additional 383,509 shares during the period. Jennison Associates LLC raised its position in MercadoLibre by 31.6% during the first quarter. Jennison Associates LLC now owns 1,520,310 shares of the company’s stock valued at $2,238,109,000 after buying an additional 364,854 shares during the period. Finally, Absoluto Partners Gestao de Recursos Ltda acquired a new position in MercadoLibre during the fourth quarter valued at $318,501,000. 78.00% of the stock is owned by institutional investors and hedge funds.

In other MercadoLibre news, Director Emiliano Calemzuk bought 170 shares of the firm’s stock in a transaction that occurred on Saturday, June 12th. The stock was purchased at an average price of $876.75 per share, for a total transaction of $149,047.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Several research firms recently weighed in on MELI. DZ Bank began coverage on MercadoLibre in a research report on Friday, July 9th. They set a “buy” rating and a $1,900.00 price target on the stock. Wolfe Research began coverage on MercadoLibre in a research report on Wednesday, March 31st. They set an “outperform” rating and a $1,800.00 price target on the stock. TheStreet raised MercadoLibre from a “d+” rating to a “c-” rating in a research report on Thursday, May 6th. Credit Suisse Group dropped their target price on MercadoLibre from $1,850.00 to $1,824.00 and set an “outperform” rating on the stock in a research report on Monday, May 10th. Finally, Barclays assumed coverage on MercadoLibre in a research report on Monday, June 28th. They issued a “buy” rating and a $2,000.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have given a buy rating to the company. MercadoLibre currently has an average rating of “Buy” and an average target price of $1,858.37.

Shares of NASDAQ MELI traded up $24.04 during mid-day trading on Thursday, reaching $1,574.21. 3,533 shares of the company traded hands, compared to its average volume of 259,811. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.52. The stock has a market cap of $78.47 billion, a PE ratio of -5,045.19 and a beta of 1.49. The company’s fifty day moving average is $1,443.40. MercadoLibre, Inc. has a fifty-two week low of $952.22 and a fifty-two week high of $2,020.00.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, May 5th. The company reported ($0.68) EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.95). MercadoLibre had a negative net margin of 0.29% and a positive return on equity of 2.75%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 0.33 earnings per share for the current year.

MercadoLibre Profile

MercadoLibre, Inc engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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