MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 142.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,122 shares of the company’s stock after acquiring an additional 660 shares during the period. Csenge Advisory Group’s holdings in MercadoLibre were worth $1,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC increased its holdings in MercadoLibre by 6,564.6% during the 3rd quarter. WCM Investment Management LLC now owns 665,189 shares of the company’s stock worth $842,508,000 after purchasing an additional 655,208 shares during the period. Baillie Gifford & Co. increased its holdings in MercadoLibre by 4.3% during the 2nd quarter. Baillie Gifford & Co. now owns 6,389,959 shares of the company’s stock worth $7,569,545,000 after purchasing an additional 262,306 shares during the period. Vontobel Holding Ltd. increased its holdings in MercadoLibre by 879.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 222,601 shares of the company’s stock worth $282,231,000 after purchasing an additional 199,875 shares during the period. Perpetual Ltd increased its holdings in MercadoLibre by 3,796.9% during the 3rd quarter. Perpetual Ltd now owns 200,883 shares of the company’s stock worth $254,696,000 after purchasing an additional 195,728 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in MercadoLibre by 30.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock worth $401,841,000 after purchasing an additional 111,751 shares during the period. Institutional investors and hedge funds own 80.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wedbush upped their price target on MercadoLibre from $1,700.00 to $1,800.00 and gave the stock an “outperform” rating in a report on Wednesday, December 27th. Bank of America upgraded MercadoLibre from a “neutral” rating to a “buy” rating and set a $2,000.00 price target on the stock in a report on Monday, November 27th. Citigroup increased their price objective on MercadoLibre from $1,550.00 to $1,900.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Susquehanna increased their price objective on MercadoLibre from $1,625.00 to $1,850.00 and gave the company a “positive” rating in a report on Tuesday, November 28th. Finally, StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $1,752.50.

Get Our Latest Stock Analysis on MercadoLibre

MercadoLibre Trading Down 2.2 %

NASDAQ:MELI opened at $1,635.28 on Thursday. The stock’s 50 day moving average price is $1,561.24 and its 200 day moving average price is $1,368.95. The company has a market capitalization of $82.68 billion, a PE ratio of 83.69, a P/E/G ratio of 1.12 and a beta of 1.56. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.80. MercadoLibre, Inc. has a 52-week low of $1,040.47 and a 52-week high of $1,685.71.

MercadoLibre (NASDAQ:MELIGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.88 by $1.28. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.57 billion. MercadoLibre had a return on equity of 44.56% and a net margin of 7.47%. The firm’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 EPS. On average, research analysts anticipate that MercadoLibre, Inc. will post 22.3 EPS for the current year.

About MercadoLibre

(Free Report)

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.

See Also

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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