Nucleo Capital LTDA. Sells 8,280 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Nucleo Capital LTDA. lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 31.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,750 shares of the company’s stock after selling 8,280 shares during the quarter. MercadoLibre makes up approximately 24.3% of Nucleo Capital LTDA.’s investment portfolio, making the stock its 3rd largest holding. Nucleo Capital LTDA.’s holdings in MercadoLibre were worth $29,170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. GQG Partners LLC lifted its stake in shares of MercadoLibre by 442.2% in the 1st quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock valued at $1,201,679,000 after purchasing an additional 648,198 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock valued at $1,167,073,000 after buying an additional 232,787 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of MercadoLibre during the 2nd quarter worth approximately $2,913,000. Janus Henderson Group PLC grew its position in shares of MercadoLibre by 55.8% during the 1st quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock worth $557,225,000 after buying an additional 132,028 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of MercadoLibre by 1,432.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,355 shares of the company’s stock valued at $200,140,000 after acquiring an additional 119,043 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MELI. Cantor Fitzgerald assumed coverage on shares of MercadoLibre in a research note on Thursday, September 5th. They set an “overweight” rating and a $2,530.00 target price on the stock. The Goldman Sachs Group increased their price target on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Susquehanna upped their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley lifted their price target on shares of MercadoLibre from $2,175.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,207.31.

MercadoLibre Stock Down 0.3 %

MercadoLibre stock opened at $2,103.75 on Friday. MercadoLibre, Inc. has a fifty-two week low of $1,141.04 and a fifty-two week high of $2,157.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The firm’s 50-day simple moving average is $1,899.17 and its 200 day simple moving average is $1,690.40. The stock has a market cap of $106.65 billion, a PE ratio of 94.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The company’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.16 EPS. Research analysts predict that MercadoLibre, Inc. will post 35.22 EPS for the current fiscal 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.