River & Mercantile Asset Management LLP raised its holdings in Mercadolibre Inc (NASDAQ:MELI) by 185.1% in the fourth quarter, Holdings Channel reports. The fund owned 44,008 shares of the company’s stock after buying an additional 28,570 shares during the period. Mercadolibre accounts for approximately 1.6% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 10th largest holding. River & Mercantile Asset Management LLP’s holdings in Mercadolibre were worth $13,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MELI. KAMES CAPITAL plc acquired a new stake in Mercadolibre in the 4th quarter valued at about $49,860,000. Carmignac Gestion raised its holdings in Mercadolibre by 6.3% in the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after acquiring an additional 144,451 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Mercadolibre by 14.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock valued at $266,559,000 after acquiring an additional 126,452 shares during the last quarter. Legal & General Group Plc raised its holdings in Mercadolibre by 294.2% in the 3rd quarter. Legal & General Group Plc now owns 167,348 shares of the company’s stock valued at $43,332,000 after acquiring an additional 124,892 shares during the last quarter. Finally, USS Investment Management Ltd acquired a new stake in Mercadolibre in the 4th quarter valued at about $26,276,000. Institutional investors own 89.21% of the company’s stock.

Shares of Mercadolibre Inc (NASDAQ:MELI) opened at $335.86 on Monday. The stock has a market cap of $14,830.69, a P/E ratio of 111.58, a PEG ratio of 4.40 and a beta of 2.15. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. Mercadolibre Inc has a 1-year low of $190.07 and a 1-year high of $395.67.

A number of analysts have commented on the stock. Goldman Sachs Group reiterated a “neutral” rating and issued a $378.00 price objective (up previously from $222.00) on shares of Mercadolibre in a report on Thursday. BidaskClub downgraded shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target for the company in a report on Wednesday, January 31st. Stifel Nicolaus restated a “buy” rating and set a $415.00 price target (up previously from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. Finally, Credit Suisse Group restated an “outperform” rating and set a $385.00 price target (up previously from $380.00) on shares of Mercadolibre in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $307.58.

In related news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,744,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

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Mercadolibre Company Profile

MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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