MercadoLibre, Inc. (NASDAQ:MELI) is Duquesne Family Office LLC’s 10th Largest Position

Duquesne Family Office LLC grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,725 shares of the company’s stock after acquiring an additional 5,615 shares during the period. MercadoLibre comprises about 2.5% of Duquesne Family Office LLC’s holdings, making the stock its 10th largest holding. Duquesne Family Office LLC owned about 0.11% of MercadoLibre worth $91,356,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MELI. Eagle Global Advisors LLC boosted its stake in MercadoLibre by 60.0% during the fourth quarter. Eagle Global Advisors LLC now owns 2,264 shares of the company’s stock worth $3,850,000 after acquiring an additional 849 shares in the last quarter. CoreCap Advisors LLC increased its position in MercadoLibre by 614.7% during the 4th quarter. CoreCap Advisors LLC now owns 922 shares of the company’s stock valued at $1,568,000 after buying an additional 793 shares in the last quarter. Cornerstone Select Advisors LLC purchased a new position in MercadoLibre during the fourth quarter valued at $230,000. Cetera Investment Advisers boosted its holdings in MercadoLibre by 4.0% in the fourth quarter. Cetera Investment Advisers now owns 5,476 shares of the company’s stock worth $9,311,000 after acquiring an additional 213 shares in the last quarter. Finally, Bulltick Wealth Management LLC boosted its holdings in MercadoLibre by 21.1% in the fourth quarter. Bulltick Wealth Management LLC now owns 3,205 shares of the company’s stock worth $5,450,000 after acquiring an additional 558 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MELI opened at $2,229.00 on Wednesday. The company’s 50 day moving average is $2,064.47 and its 200 day moving average is $1,975.64. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market cap of $113.00 billion, a price-to-earnings ratio of 59.12, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,374.54.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on MELI. Barclays lifted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Benchmark downgraded shares of MercadoLibre from a “buy” rating to a “cautious” rating in a research note on Thursday, May 1st. Morgan Stanley reissued an “overweight” rating on shares of MercadoLibre in a research report on Thursday, May 1st. Cantor Fitzgerald lowered their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Susquehanna increased their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $2,464.67.

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.