Atmos Capital Gestao DE Recursos LTDA. Cuts Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Atmos Capital Gestao DE Recursos LTDA. lowered its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,568 shares of the company's stock after selling 1,332 shares during the period. MercadoLibre makes up approximately 17.9% of Atmos Capital Gestao DE Recursos LTDA.'s investment portfolio, making the stock its 3rd biggest holding. Atmos Capital Gestao DE Recursos LTDA. owned approximately 0.10% of MercadoLibre worth $82,587,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. OneDigital Investment Advisors LLC grew its holdings in shares of MercadoLibre by 35.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 772 shares of the company's stock worth $1,313,000 after purchasing an additional 200 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in MercadoLibre by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the company's stock valued at $2,915,000 after buying an additional 832 shares during the period. Mirabella Financial Services LLP grew its stake in MercadoLibre by 66.7% in the 4th quarter. Mirabella Financial Services LLP now owns 3,598 shares of the company's stock worth $6,115,000 after acquiring an additional 1,439 shares in the last quarter. Norinchukin Bank The increased its position in shares of MercadoLibre by 8.3% during the fourth quarter. Norinchukin Bank The now owns 511 shares of the company's stock worth $869,000 after acquiring an additional 39 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of MercadoLibre by 416.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 22,583 shares of the company's stock valued at $38,401,000 after acquiring an additional 18,214 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 3.5 %

Shares of MELI stock opened at $2,128.33 on Wednesday. The stock's fifty day moving average price is $2,045.33 and its 200 day moving average price is $1,961.90. 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 $1,341.00 and a 1-year high of $2,374.54. The company has a market cap of $107.90 billion, a price-to-earnings ratio of 56.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MELI. Wedbush dropped their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and increased their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, Barclays raised their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $2,415.94.

MercadoLibre Company 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.

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