Tybourne Capital Management HK Ltd. Acquires 211 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Tybourne Capital Management HK Ltd. lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 19.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,288 shares of the company’s stock after purchasing an additional 211 shares during the quarter. Tybourne Capital Management HK Ltd.’s holdings in MercadoLibre were worth $2,190,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased 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 worth $2,328,000 after purchasing an additional 143 shares during the period. Ninety One North America Inc. acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $4,923,000. Paragon Capital Management Inc. boosted its position in shares of MercadoLibre by 58.5% during the 4th quarter. Paragon Capital Management Inc. now owns 1,637 shares of the company’s stock worth $2,784,000 after acquiring an additional 604 shares in the last quarter. Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $63,613,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $2,619,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MELI. Morgan Stanley reiterated an “overweight” rating on shares of MercadoLibre in a research report on Thursday, May 1st. Barclays increased their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Citigroup reiterated a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. New Street Research upgraded 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 report on Thursday, January 30th. Finally, Benchmark lowered shares of MercadoLibre from a “buy” rating to a “cautious” rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,521.33.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,584.92 on Monday. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,610.30. The firm has a fifty day simple moving average of $2,135.04 and a 200 day simple moving average of $1,999.47. The company has a market capitalization of $131.05 billion, a PE ratio of 68.57, a P/E/G ratio of 1.12 and a beta of 1.61. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last announced its 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 net margin of 9.20% and a return on equity of 51.89%. The business 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 firm earned $6.78 earnings per share. MercadoLibre’s quarterly revenue was up 37.0% on a year-over-year basis. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.