Duality Advisers LP Makes New $2.04 Million Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Duality Advisers LP purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,300 shares of the company’s stock, valued at approximately $2,043,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. CWM LLC lifted its position in shares of MercadoLibre by 10.5% in the third quarter. CWM LLC now owns 912 shares of the company’s stock worth $1,157,000 after buying an additional 87 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of MercadoLibre by 23.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,383 shares of the company’s stock worth $3,021,000 after purchasing an additional 451 shares during the last quarter. IFP Advisors Inc lifted its position in shares of MercadoLibre by 19.3% during the 3rd quarter. IFP Advisors Inc now owns 216 shares of the company’s stock worth $274,000 after purchasing an additional 35 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in shares of MercadoLibre during the 3rd quarter worth about $306,000. Finally, Impact Partnership Wealth LLC lifted its position in shares of MercadoLibre by 118.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 35 shares of the company’s stock worth $44,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Up 0.9 %

Shares of MELI opened at $1,368.23 on Tuesday. The firm has a market capitalization of $69.37 billion, a price-to-earnings ratio of 70.02, a PEG ratio of 0.87 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The business’s fifty day moving average price is $1,552.54 and its two-hundred day moving average price is $1,528.67. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week 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). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.25 earnings per share. On average, analysts predict that MercadoLibre, Inc. will post 35.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

MELI has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Wedbush reissued an “outperform” rating and set a $2,000.00 price objective on shares of MercadoLibre in a research report on Tuesday, March 5th. Citigroup cut 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. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Susquehanna upped their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,804.64.

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.