Dumac Inc. grew its position in Mercadolibre Inc (NASDAQ:MELI) by 105.6% in the 4th quarter, Holdings Channel reports. The firm owned 370 shares of the company’s stock after purchasing an additional 190 shares during the period. Dumac Inc.’s holdings in Mercadolibre were worth $116,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in MELI. KAMES CAPITAL plc purchased a new stake in shares of Mercadolibre in the fourth quarter valued at about $49,860,000. Carmignac Gestion raised its holdings in shares of Mercadolibre by 6.3% in the third quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after purchasing an additional 144,451 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Mercadolibre by 14.0% in the third quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock valued at $266,559,000 after purchasing an additional 126,452 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Mercadolibre by 294.2% in the third quarter. Legal & General Group Plc now owns 167,348 shares of the company’s stock valued at $43,332,000 after purchasing an additional 124,892 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new stake in shares of Mercadolibre in the fourth quarter valued at about $26,276,000. Institutional investors own 88.49% of the company’s stock.
Several analysts have recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $425.00 target price (up previously from $415.00) on shares of Mercadolibre in a report on Friday. Credit Suisse Group increased their target price on shares of Mercadolibre from $385.00 to $400.00 and gave the company an “outperform” rating in a report on Friday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $415.00 target price on shares of Mercadolibre in a report on Thursday, February 15th. Goldman Sachs Group restated a “neutral” rating and set a $378.00 price target (up previously from $222.00) on shares of Mercadolibre in a research report on Thursday, February 8th. Finally, BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Mercadolibre presently has an average rating of “Buy” and a consensus price target of $330.98.
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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