MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 99.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,429 shares of the company’s stock after buying an additional 1,712 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in MercadoLibre were worth $5,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC boosted its position in MercadoLibre by 74.8% in the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after buying an additional 497,535 shares during the period. Morgan Stanley increased its holdings in MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after purchasing an additional 236,744 shares during the period. International Assets Investment Management LLC increased its holdings in 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 purchasing an additional 146,034 shares during the period. Royal London Asset Management Ltd. raised its position in MercadoLibre by 108.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock valued at $248,475,000 after purchasing an additional 101,757 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC grew its position in shares of MercadoLibre by 70.9% during the third quarter. Hardman Johnston Global Advisors LLC now owns 203,083 shares of the company’s stock worth $257,485,000 after buying an additional 84,239 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 2.0 %

MELI stock opened at $1,395.00 on Wednesday. The stock has a market capitalization of $70.73 billion, a PE ratio of 71.39, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. The company has a fifty day moving average of $1,546.31 and a 200-day moving average of $1,529.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the business earned $3.25 EPS. MercadoLibre’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, analysts expect that MercadoLibre, Inc. will post 35.77 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on MELI. UBS Group reduced their target price on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Barclays decreased their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a research report on Tuesday. Finally, Citigroup lowered their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

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.