MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Sarasin & Partners LLP

Sarasin & Partners LLP lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 168.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 45,407 shares of the company’s stock after purchasing an additional 28,494 shares during the period. Sarasin & Partners LLP’s holdings in MercadoLibre were worth $74,622,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MELI. GQG Partners LLC boosted its stake in shares of MercadoLibre by 442.2% during the 1st quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock worth $1,201,679,000 after acquiring an additional 648,198 shares in the last quarter. Norges Bank acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $554,386,000. Price T Rowe Associates Inc. MD increased its holdings in shares of MercadoLibre by 43.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock worth $1,167,073,000 after buying an additional 232,787 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of MercadoLibre by 112,333.8% during the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after buying an additional 146,034 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of MercadoLibre by 55.8% during the 1st quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock worth $557,225,000 after buying an additional 132,028 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 0.9 %

MELI stock traded down $18.47 during midday trading on Friday, hitting $1,977.97. The company’s stock had a trading volume of 245,078 shares, compared to its average volume of 370,006. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66. MercadoLibre, Inc. has a 52-week low of $1,141.04 and a 52-week high of $1,999.00. The firm has a market capitalization of $100.28 billion, a P/E ratio of 88.50, a PEG ratio of 1.13 and a beta of 1.60. The firm has a 50-day simple moving average of $1,691.08 and a 200-day simple moving average of $1,630.53.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating the consensus estimate of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 45.61%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter last year, the company posted $5.16 EPS. The firm’s revenue was up 41.5% compared to the same quarter last year. As a group, equities analysts forecast that MercadoLibre, Inc. will post 33.4 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on MELI shares. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. The Goldman Sachs Group raised their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Citigroup raised their price target on shares of MercadoLibre from $2,000.00 to $2,200.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $1,800.00 target price on shares of MercadoLibre in a report on Friday, May 3rd. Finally, StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,020.00.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, 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, as well as allows users to transfer money through their websites or on the apps.