California State Teachers Retirement System Has $704,000 Holdings in MercadoLibre (MELI)

California State Teachers Retirement System boosted its stake in MercadoLibre (NASDAQ:MELI) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,237 shares of the company’s stock after purchasing an additional 450 shares during the quarter. California State Teachers Retirement System’s holdings in MercadoLibre were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eqis Capital Management Inc. boosted its position in shares of MercadoLibre by 2.2% during the 4th quarter. Eqis Capital Management Inc. now owns 7,065 shares of the company’s stock valued at $2,223,000 after acquiring an additional 153 shares during the last quarter. Parametrica Management Ltd boosted its position in shares of MercadoLibre by 17.9% during the 4th quarter. Parametrica Management Ltd now owns 1,214 shares of the company’s stock valued at $382,000 after acquiring an additional 184 shares during the last quarter. Dumac Inc. boosted its position in shares of MercadoLibre by 105.6% during the 4th quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after acquiring an additional 190 shares during the last quarter. Pier 88 Investment Partners LLC boosted its position in shares of MercadoLibre by 10.7% during the 4th quarter. Pier 88 Investment Partners LLC now owns 2,020 shares of the company’s stock valued at $636,000 after acquiring an additional 195 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of MercadoLibre by 17.1% during the 4th quarter. D.A. Davidson & CO. now owns 1,489 shares of the company’s stock valued at $469,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.

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Shares of NASDAQ MELI opened at $342.54 on Monday. The stock has a market cap of $15,125.54, a P/E ratio of 135.39 and a beta of 2.07. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.33 and a current ratio of 1.33. MercadoLibre has a 1-year low of $214.00 and a 1-year high of $417.91.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million during the quarter, compared to analysts’ expectations of $404.74 million. MercadoLibre had a return on equity of 26.75% and a net margin of 0.99%. equities analysts expect that MercadoLibre will post 2.08 earnings per share for the current year.

A number of analysts have recently issued reports on MELI shares. BidaskClub downgraded MercadoLibre from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research raised MercadoLibre from a “hold” rating to a “buy” rating and set a $433.00 price objective on the stock in a report on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and set a $415.00 price objective (up from $350.00) on shares of MercadoLibre in a report on Sunday, January 28th. ValuEngine raised MercadoLibre from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet cut MercadoLibre from a “b” rating to a “c” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $329.44.

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MercadoLibre Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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