Teacher Retirement System of Texas purchased a new stake in shares of Mercadolibre Inc (NASDAQ:MELI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,278 shares of the company’s stock, valued at approximately $3,549,000.
Other large investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP grew its position in Mercadolibre by 25.0% in the 3rd quarter. Artemis Investment Management LLP now owns 6,490 shares of the company’s stock valued at $1,680,000 after acquiring an additional 1,298 shares during the last quarter. Carmignac Gestion grew its position in Mercadolibre by 6.3% in the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after acquiring an additional 144,451 shares during the last quarter. Capital Bank & Trust Co grew its position in Mercadolibre by 2.2% in the 3rd quarter. Capital Bank & Trust Co now owns 81,742 shares of the company’s stock valued at $21,165,000 after acquiring an additional 1,785 shares during the last quarter. KAMES CAPITAL plc bought a new position in Mercadolibre in the 4th quarter valued at $49,860,000. Finally, USS Investment Management Ltd bought a new position in Mercadolibre in the 4th quarter valued at $26,276,000. Institutional investors own 88.49% of the company’s stock.
Mercadolibre Inc (NASDAQ MELI) opened at $369.87 on Monday. Mercadolibre Inc has a 12-month low of $190.07 and a 12-month high of $395.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. The stock has a market capitalization of $16,332.48, a price-to-earnings ratio of 122.88, a PEG ratio of 4.84 and a beta of 2.15.
Several brokerages have commented on MELI. Piper Jaffray Companies upped their price objective on Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Credit Suisse Group upped their price objective on Mercadolibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. BidaskClub raised Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research raised Mercadolibre from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $320.62.
In other news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.
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Mercadolibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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