Sora Investors LLC Buys Shares of 4,288 MercadoLibre, Inc. (NASDAQ:MELI)

Sora Investors LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,288 shares of the company's stock, valued at approximately $7,291,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its holdings in shares of MercadoLibre by 11.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after acquiring an additional 143 shares during the period. Ninety One North America Inc. bought a new stake in MercadoLibre in the 4th quarter valued at about $4,923,000. Paragon Capital Management Inc. lifted its position in MercadoLibre by 58.5% in the 4th quarter. Paragon Capital Management Inc. now owns 1,637 shares of the company's stock valued at $2,784,000 after purchasing an additional 604 shares during the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in MercadoLibre in the 4th quarter valued at about $63,613,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in MercadoLibre in the 4th quarter valued at about $2,619,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded down $6.57 during mid-day trading on Monday, reaching $2,578.35. The company had a trading volume of 367,592 shares, compared to its average volume of 383,077. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,610.30. The stock has a market cap of $130.71 billion, a PE ratio of 68.39, a P/E/G ratio of 1.12 and a beta of 1.61. 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 50-day moving average price of $2,135.04 and a two-hundred day moving average price of $1,999.47.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping 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 firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter last year, the business posted $6.78 EPS. MercadoLibre's revenue was up 37.0% on a year-over-year basis. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MELI. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. The Goldman Sachs Group lifted their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research report on Tuesday, January 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,521.33.

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.