Samlyn Capital LLC Has $125.44 Million Stock Position in MercadoLibre, Inc. $MELI

Samlyn Capital LLC increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 93.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,301 shares of the company’s stock after acquiring an additional 31,067 shares during the quarter. MercadoLibre comprises 1.9% of Samlyn Capital LLC’s holdings, making the stock its 15th largest holding. Samlyn Capital LLC owned about 0.13% of MercadoLibre worth $125,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC lifted its stake in shares of MercadoLibre by 1.6% in the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company’s stock worth $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% in the first quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock worth $1,113,881,000 after acquiring an additional 104,554 shares during the period. Generation Investment Management LLP lifted its stake in shares of MercadoLibre by 3.3% in the first quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock worth $1,035,061,000 after acquiring an additional 16,878 shares during the period. GQG Partners LLC lifted its stake in shares of MercadoLibre by 23.5% in the first quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock worth $901,058,000 after acquiring an additional 87,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MercadoLibre by 14.6% in 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 worth $772,255,000 after acquiring an additional 57,806 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna reaffirmed a “positive” rating and issued a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $2,800.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Wedbush set a $2,700.00 target price on MercadoLibre and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Daiwa Capital Markets started coverage on MercadoLibre in a report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. One equities 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,817.22.

MercadoLibre Trading Down 0.0%

NASDAQ MELI opened at $2,417.49 on Friday. The company has a market cap of $122.57 billion, a price-to-earnings ratio of 59.71, a P/E/G ratio of 1.57 and a beta of 1.49. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The business has a 50 day moving average price of $2,402.07 and a 200-day moving average price of $2,299.81. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion for 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 company’s revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.48 EPS. As a group, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.