Generation Investment Management LLP Has $802.38 Million Stake in MercadoLibre, Inc. $MELI

Generation Investment Management LLP boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 472,716 shares of the company’s stock after buying an additional 15,090 shares during the quarter. MercadoLibre accounts for 7.8% of Generation Investment Management LLP’s portfolio, making the stock its 4th biggest position. Generation Investment Management LLP’s holdings in MercadoLibre were worth $802,383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brown Advisory Inc. increased its position in shares of MercadoLibre by 2,494.9% in the fourth quarter. Brown Advisory Inc. now owns 15,362 shares of the company’s stock valued at $30,943,000 after acquiring an additional 14,770 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of MercadoLibre by 238.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,030 shares of the company’s stock worth $4,089,000 after purchasing an additional 1,430 shares during the period. TIAA Trust National Association boosted its holdings in shares of MercadoLibre by 10.9% during the fourth quarter. TIAA Trust National Association now owns 11,011 shares of the company’s stock worth $22,179,000 after purchasing an additional 1,083 shares during the period. Deepwater Asset Management LLC grew its stake in shares of MercadoLibre by 38.6% in the fourth quarter. Deepwater Asset Management LLC now owns 7,765 shares of the company’s stock worth $15,641,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of MercadoLibre in the second quarter worth about $279,445,000. 87.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin bought 600 shares of MercadoLibre stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the transaction, the director directly owned 5,355 shares of the company’s stock, valued at $8,867,505.15. This represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.

MercadoLibre Trading Up 7.3%

NASDAQ MELI opened at $1,908.65 on Thursday. The firm has a market capitalization of $96.77 billion, a PE ratio of 51.91, a P/E/G ratio of 1.22 and a beta of 1.34. The stock’s 50 day moving average is $1,780.15 and its 200 day moving average is $1,776.50. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,548.50. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The firm’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.31 earnings per share. Research analysts forecast that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MELI shares. JPMorgan Chase & Co. upped their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a research report on Thursday, July 2nd. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research note on Friday, May 8th. UBS Group decreased their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,272.00.

MercadoLibre 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.