MercadoLibre, Inc. (NASDAQ:MELI) is Ribbit Management Company LLC’s 8th Largest Position

Ribbit Management Company LLC boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 130.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,673 shares of the company’s stock after purchasing an additional 6,040 shares during the quarter. MercadoLibre comprises about 2.1% of Ribbit Management Company LLC’s holdings, making the stock its 8th biggest holding. Ribbit Management Company LLC’s holdings in MercadoLibre were worth $18,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MELI. 1620 Investment Advisors Inc. raised its stake in shares of MercadoLibre by 2.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company’s stock worth $346,000 after purchasing an additional 5 shares during the last quarter. Texas Yale Capital Corp. boosted its holdings in MercadoLibre by 0.3% in the fourth quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company’s stock worth $2,779,000 after purchasing an additional 5 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its stake in MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company’s stock valued at $1,699,000 after buying an additional 5 shares during the last quarter. Nvwm LLC increased its position in MercadoLibre by 0.5% during the fourth quarter. Nvwm LLC now owns 1,137 shares of the company’s stock valued at $1,933,000 after acquiring an additional 6 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in MercadoLibre by 10.9% in the fourth quarter. Ancora Advisors LLC now owns 61 shares of the company’s stock worth $104,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MELI shares. Benchmark cut shares of MercadoLibre from a “buy” rating to a “cautious” rating in a report on Thursday, May 1st. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. StockNews.com raised MercadoLibre from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Finally, Barclays raised their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,521.33.

MercadoLibre Stock Performance

Shares of MELI opened at $2,564.00 on Thursday. 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 firm has a market cap of $129.99 billion, a PE ratio of 68.01, a P/E/G 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 $2,564.03. The stock has a fifty day moving average price of $2,110.31 and a 200-day moving average price of $1,992.37.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same period last year, the business posted $6.78 earnings per share. The firm’s revenue was up 37.0% compared to the same quarter last year. Equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Company 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.