Duquesne Family Office LLC Acquires 5,615 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Duquesne Family Office LLC lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,725 shares of the company's stock after purchasing an additional 5,615 shares during the period. MercadoLibre comprises approximately 2.5% of Duquesne Family Office LLC's portfolio, making the stock its 10th largest position. Duquesne Family Office LLC owned approximately 0.11% of MercadoLibre worth $91,356,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Eagle Global Advisors LLC grew its position in shares of MercadoLibre by 60.0% in the 4th quarter. Eagle Global Advisors LLC now owns 2,264 shares of the company's stock valued at $3,850,000 after buying an additional 849 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of MercadoLibre by 614.7% during the fourth quarter. CoreCap Advisors LLC now owns 922 shares of the company's stock worth $1,568,000 after purchasing an additional 793 shares during the last quarter. Cornerstone Select Advisors LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth about $230,000. Cetera Investment Advisers lifted its holdings in shares of MercadoLibre by 4.0% in the 4th quarter. Cetera Investment Advisers now owns 5,476 shares of the company's stock valued at $9,311,000 after purchasing an additional 213 shares during the last quarter. Finally, Bulltick Wealth Management LLC boosted its position in shares of MercadoLibre by 21.1% in the 4th quarter. Bulltick Wealth Management LLC now owns 3,205 shares of the company's stock valued at $5,450,000 after purchasing an additional 558 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on MELI shares. Cantor Fitzgerald cut their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays upped their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research report on Thursday. Susquehanna increased their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Bank of America raised their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,504.67.

MercadoLibre Price Performance

Shares of MELI stock traded up $42.53 during trading hours on Friday, hitting $2,452.53. The company's stock had a trading volume of 382,692 shares, compared to its average volume of 380,631. 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 business has a fifty day moving average of $2,081.98 and a 200-day moving average of $1,982.42. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,501.00. The stock has a market cap of $124.34 billion, a price-to-earnings ratio of 65.05, a P/E/G ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter last year, the business posted $6.78 earnings per share. MercadoLibre's revenue was up 37.0% compared to the same quarter last year. As a group, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current 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.