D1 Capital Partners L.P. Invests $77.20 Million in MercadoLibre, Inc. (NASDAQ:MELI)

D1 Capital Partners L.P. bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 45,400 shares of the company’s stock, valued at approximately $77,200,000. D1 Capital Partners L.P. owned about 0.09% of MercadoLibre at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MELI. Capital International Investors increased its stake in MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of MercadoLibre by 41.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after purchasing an additional 405,425 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $565,306,000. Capital World Investors raised its stake in shares of MercadoLibre by 24.5% in the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock valued at $2,667,386,000 after purchasing an additional 308,973 shares in the last quarter. Finally, Norges Bank bought a new position in MercadoLibre in the fourth quarter worth $383,051,000. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Bank of America upped their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Barclays raised their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Citigroup restated a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MercadoLibre currently has a consensus rating of “Buy” and a consensus price target of $2,464.67.

MercadoLibre Stock Up 0.5 %

Shares of NASDAQ MELI opened at $2,139.92 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market cap of $108.49 billion, a price-to-earnings ratio of 56.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 12-month low of $1,341.00 and a 12-month high of $2,374.54. The firm’s 50-day simple moving average is $2,045.92 and its 200 day simple moving average is $1,963.13.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.