Y Intercept Hong Kong Ltd Has $8.32 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Y Intercept Hong Kong Ltd increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 79.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,892 shares of the company’s stock after acquiring an additional 2,164 shares during the period. MercadoLibre comprises 0.6% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 11th biggest holding. Y Intercept Hong Kong Ltd’s holdings in MercadoLibre were worth $8,319,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Planning Capital Management Corp grew its position in MercadoLibre by 9.1% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Mount Lucas Management LP lifted its position in shares of MercadoLibre by 3.6% during the 3rd quarter. Mount Lucas Management LP now owns 143 shares of the company’s stock worth $293,000 after buying an additional 5 shares in the last quarter. Strategic Blueprint LLC boosted its stake in shares of MercadoLibre by 0.9% in the 3rd quarter. Strategic Blueprint LLC now owns 658 shares of the company’s stock worth $1,350,000 after buying an additional 6 shares during the last quarter. Nvwm LLC grew its holdings in shares of MercadoLibre by 0.5% in the fourth quarter. Nvwm LLC now owns 1,137 shares of the company’s stock valued at $1,933,000 after acquiring an additional 6 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its position in shares of MercadoLibre by 3.7% during the third quarter. 1620 Investment Advisors Inc. now owns 198 shares of the company’s stock valued at $407,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,260.00 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The stock has a market capitalization of $114.58 billion, a PE ratio of 59.95, a P/E/G ratio of 1.12 and a beta of 1.62. The company’s 50 day simple moving average is $1,867.29 and its two-hundred day simple moving average is $1,958.01.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. Analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MELI shares. Barclays lifted their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Cantor Fitzgerald lifted their price objective on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America boosted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, MercadoLibre has an average rating of “Buy” and an average price target of $2,364.06.

About MercadoLibre

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.