Generation Investment Management LLP Has $1.04 Billion Position in MercadoLibre, Inc. $MELI

Key Points

• Generation Investment Management LLP increased its holdings in MercadoLibre, Inc. by 3.3%, resulting in a total ownership of 530,564 shares valued at approximately $1.04 billion.
• MercadoLibre reported earnings of $10.31 per share for its recent quarter, missing the expected $12.01, but revenue climbed 33.8% year-over-year to $6.79 billion.
• Institutional investors collectively own 87.62% of MercadoLibre's stock, indicating strong investor confidence in the company.

Generation Investment Management LLP increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,564 shares of the company's stock after acquiring an additional 16,878 shares during the quarter. MercadoLibre comprises about 6.3% of Generation Investment Management LLP's investment portfolio, making the stock its 4th largest position. Generation Investment Management LLP owned approximately 1.05% of MercadoLibre worth $1,035,061,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Jennison Associates LLC lifted its stake in shares of MercadoLibre by 1.6% during the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock valued at $2,251,531,000 after acquiring an additional 18,731 shares during the period. Invesco Ltd. lifted its stake in shares of MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after acquiring an additional 104,554 shares during the period. GQG Partners LLC lifted its stake in shares of MercadoLibre by 23.5% during the first quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after acquiring an additional 87,912 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MercadoLibre by 14.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 454,150 shares of the company's stock valued at $772,255,000 after acquiring an additional 57,806 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of MercadoLibre by 18.7% during the first quarter. Goldman Sachs Group Inc. now owns 450,444 shares of the company's stock valued at $878,757,000 after acquiring an additional 70,834 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Down 0.0%

Shares of NASDAQ:MELI traded down $0.31 during mid-day trading on Friday, reaching $2,417.49. 493,478 shares of the stock were exchanged, compared to its average volume of 300,482. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The company has a market cap of $122.57 billion, a P/E ratio of 59.71, a P/E/G ratio of 1.57 and a beta of 1.49. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The stock's 50 day simple moving average is $2,402.07 and its 200-day simple moving average is $2,299.81.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The firm's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.48 earnings per share. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the topic of several research reports. Benchmark reaffirmed a "buy" rating and set a $2,875.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Daiwa Capital Markets started coverage on MercadoLibre in a research note on Friday, August 1st. They issued a "buy" rating and a $3,000.00 target price on the stock. Wedbush set a $2,700.00 target price on MercadoLibre and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Barclays cut their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,817.22.

MercadoLibre 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.