Trexquant Investment LP Acquires Shares of 1,965 MercadoLibre, Inc. (NASDAQ:MELI)

Trexquant Investment LP purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,965 shares of the company’s stock, valued at approximately $3,088,000.

A number of other hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in MercadoLibre in the 4th quarter worth about $28,000. Archer Investment Corp purchased a new position in MercadoLibre in the 4th quarter worth about $31,000. Larson Financial Group LLC purchased a new position in MercadoLibre in the 4th quarter worth about $36,000. Blue Trust Inc. raised its position in MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after buying an additional 9 shares during the last quarter. Finally, Disciplined Equity Management Inc. purchased a new position in MercadoLibre in the 4th quarter worth about $42,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

MELI stock traded down $13.83 during midday trading on Friday, hitting $1,693.57. The company’s stock had a trading volume of 375,675 shares, compared to its average volume of 446,208. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $85.86 billion, a price-to-earnings ratio of 75.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The company has a 50 day moving average of $1,546.28 and a two-hundred day moving average of $1,587.03.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.97 EPS. On average, analysts expect that MercadoLibre, Inc. will post 33.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and upped their price target for the company from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target for the company in a research report on Tuesday, April 23rd. Susquehanna upped their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Citigroup reduced their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, UBS Group reduced their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,881.92.

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.