Nucleo Capital LTDA. Has $25.65 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Nucleo Capital LTDA. decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,083 shares of the company's stock after selling 3,467 shares during the period. MercadoLibre makes up about 41.7% of Nucleo Capital LTDA.'s portfolio, making the stock its largest position. Nucleo Capital LTDA.'s holdings in MercadoLibre were worth $25,648,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Summit Financial LLC lifted its holdings in shares of MercadoLibre by 15.6% in the fourth quarter. Summit Financial LLC now owns 2,831 shares of the company's stock valued at $4,814,000 after purchasing an additional 383 shares in the last quarter. Alliancebernstein L.P. lifted its stake in MercadoLibre by 30.3% during the 4th quarter. Alliancebernstein L.P. now owns 126,895 shares of the company's stock valued at $215,777,000 after acquiring an additional 29,529 shares in the last quarter. AIA Group Ltd boosted its holdings in MercadoLibre by 1.1% during the 4th quarter. AIA Group Ltd now owns 9,513 shares of the company's stock worth $16,176,000 after acquiring an additional 101 shares during the last quarter. Wellington Management Group LLP boosted its holdings in MercadoLibre by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 380,956 shares of the company's stock worth $647,793,000 after acquiring an additional 31,278 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of MercadoLibre by 9.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,280 shares of the company's stock valued at $5,577,000 after purchasing an additional 280 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research analysts recently weighed in on MELI shares. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Susquehanna lifted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Bank of America increased their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $2,402.81.

MercadoLibre Stock Performance

MELI stock traded down $35.87 during midday trading on Tuesday, reaching $1,915.00. 682,422 shares of the company's stock traded hands, compared to its average volume of 376,957. The firm has a market capitalization of $97.08 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a 50-day moving average price of $2,032.29 and a two-hundred day moving average price of $1,970.87. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.