Generation Investment Management LLP Has $1.20 Billion Position in MercadoLibre, Inc. $MELI

Generation Investment Management LLP reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 460,172 shares of the company’s stock after selling 70,392 shares during the quarter. MercadoLibre comprises 7.6% of Generation Investment Management LLP’s portfolio, making the stock its 3rd largest holding. Generation Investment Management LLP owned about 0.91% of MercadoLibre worth $1,202,719,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MELI. Key Financial Inc bought a new position in shares of MercadoLibre during the 1st quarter valued at about $25,000. GW&K Investment Management LLC acquired a new stake in MercadoLibre during the 1st quarter worth about $25,000. Close Asset Management Ltd grew its stake in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after purchasing an additional 13 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of MercadoLibre in the first quarter worth approximately $29,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,108.60 on Monday. The stock has a market capitalization of $106.90 billion, a P/E ratio of 51.45, a P/E/G ratio of 1.56 and a beta of 1.51. The business has a 50-day moving average of $2,290.36 and a two-hundred day moving average of $2,379.17. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the previous year, the business posted $7.83 earnings per share. The firm’s revenue was up 39.5% on a year-over-year basis. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Citigroup lowered their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Finally, Morgan Stanley raised their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and an average target price of $2,861.25.

MercadoLibre Profile

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.