Baillie Gifford & Co. Has $8.46 Billion Position in MercadoLibre, Inc. (NASDAQ:MELI)

Baillie Gifford & Co. lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,383,227 shares of the company's stock after selling 648,605 shares during the period. MercadoLibre comprises 6.7% of Baillie Gifford & Co.'s investment portfolio, making the stock its biggest position. Baillie Gifford & Co. owned about 10.65% of MercadoLibre worth $8,459,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James Trust N.A. purchased a new stake in MercadoLibre during the 1st quarter valued at about $236,000. Cibc World Market Inc. grew its stake in MercadoLibre by 6.1% during the 1st quarter. Cibc World Market Inc. now owns 659 shares of the company's stock valued at $784,000 after acquiring an additional 38 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in MercadoLibre by 8.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 189 shares of the company's stock valued at $225,000 after acquiring an additional 15 shares in the last quarter. Blair William & Co. IL grew its stake in shares of MercadoLibre by 10.1% in the 1st quarter. Blair William & Co. IL now owns 2,878 shares of the company's stock valued at $3,423,000 after buying an additional 264 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of MercadoLibre by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 1,048 shares of the company's stock valued at $1,247,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.4 %

MercadoLibre stock traded up $6.43 during mid-day trading on Tuesday, reaching $1,495.01. 255,366 shares of the company's stock were exchanged, compared to its average volume of 384,565. The company has a market cap of $75.79 billion, a P/E ratio of 76.51, a P/E/G ratio of 0.96 and a beta of 1.44. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $1,610.62 and a 200-day moving average of $1,518.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.66 by ($3.41). The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. MercadoLibre's quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.25 earnings per share. Sell-side analysts expect that MercadoLibre, Inc. will post 35.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an "overweight" rating for the company in a research note on Wednesday, April 3rd. StockNews.com cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an "overweight" rating in a research note on Tuesday, February 27th. Citigroup dropped their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating for the company in a research note on Wednesday, March 27th. Finally, Wedbush reissued an "outperform" rating and issued a $2,000.00 price target on shares of MercadoLibre in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,806.15.

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.