Paloma Partners Management Co lifted its position in Mercadolibre Inc (NASDAQ:MELI) by 412.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,236 shares of the company’s stock after acquiring an additional 5,824 shares during the quarter. Paloma Partners Management Co’s holdings in Mercadolibre were worth $2,277,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Mercadolibre by 25.2% during the 4th quarter. California State Teachers Retirement System now owns 2,237 shares of the company’s stock valued at $704,000 after buying an additional 450 shares in the last quarter. Jefferies Group LLC bought a new stake in Mercadolibre during the 4th quarter valued at about $285,000. Quantitative Investment Management LLC lifted its holdings in Mercadolibre by 1,552.9% during the 4th quarter. Quantitative Investment Management LLC now owns 56,200 shares of the company’s stock valued at $17,683,000 after buying an additional 52,800 shares in the last quarter. Prince Street Capital Management LLC bought a new stake in Mercadolibre during the 4th quarter valued at about $5,821,000. Finally, Generation Investment Management LLP bought a new stake in Mercadolibre during the 4th quarter valued at about $52,819,000. Hedge funds and other institutional investors own 92.19% of the company’s stock.
Mercadolibre Inc (NASDAQ:MELI) opened at $406.41 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.96. The company has a market cap of $18,106.72, a PE ratio of 1,270.03 and a beta of 2.07. Mercadolibre Inc has a 12-month low of $203.36 and a 12-month high of $417.91.
MELI has been the subject of a number of research analyst reports. BidaskClub lowered shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and set a $415.00 price objective (up previously from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. Credit Suisse Group reiterated an “outperform” rating and set a $385.00 price objective (up previously from $380.00) on shares of Mercadolibre in a report on Monday, January 8th. Deutsche Bank set a $335.00 price objective on shares of Mercadolibre and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $415.00 target price on shares of Mercadolibre in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $330.98.
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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