MercadoLibre, Inc. (NASDAQ:MELI) Stock Position Raised by Samlyn Capital LLC

Samlyn Capital LLC lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 295.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,988 shares of the company’s stock after acquiring an additional 33,621 shares during the quarter. MercadoLibre accounts for 1.2% of Samlyn Capital LLC’s portfolio, making the stock its 28th largest holding. Samlyn Capital LLC owned 0.09% of MercadoLibre worth $73,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Raymond James & Associates raised its holdings in shares of MercadoLibre by 4.8% during the second quarter. Raymond James & Associates now owns 34,840 shares of the company’s stock worth $57,256,000 after acquiring an additional 1,604 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of MercadoLibre by 20.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,642 shares of the company’s stock worth $41,794,000 after acquiring an additional 4,658 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of MercadoLibre by 33.4% during the first quarter. Gulf International Bank UK Ltd now owns 4,960 shares of the company’s stock worth $7,499,000 after acquiring an additional 1,241 shares in the last quarter. Caprock Group LLC raised its holdings in shares of MercadoLibre by 143.7% during the second quarter. Caprock Group LLC now owns 580 shares of the company’s stock worth $955,000 after acquiring an additional 342 shares in the last quarter. Finally, Sarasin & Partners LLP raised its holdings in shares of MercadoLibre by 168.5% during the second quarter. Sarasin & Partners LLP now owns 45,407 shares of the company’s stock worth $74,622,000 after acquiring an additional 28,494 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MELI shares. Citigroup raised their target price on MercadoLibre from $2,000.00 to $2,200.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Cantor Fitzgerald restated an “overweight” rating and set a $2,530.00 target price on shares of MercadoLibre in a report on Monday. Bank of America raised their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group raised their price target on MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Susquehanna raised their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,207.31.

MercadoLibre Trading Down 0.1 %

Shares of MELI stock opened at $2,102.63 on Tuesday. MercadoLibre, Inc. has a 12-month low of $1,141.04 and a 12-month high of $2,157.64. The company has a market capitalization of $106.60 billion, a P/E ratio of 94.08, a P/E/G ratio of 1.33 and a beta of 1.61. The firm has a 50-day moving average price of $1,906.34 and a 200 day moving average price of $1,696.74. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 0.67.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the firm posted $5.16 EPS. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. Research analysts forecast that MercadoLibre, Inc. will post 35.22 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.