MercadoLibre, Inc. (NASDAQ:MELI) is Atmos Capital Gestao DE Recursos LTDA.'s 3rd Largest Position

Atmos Capital Gestao DE Recursos LTDA. lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,568 shares of the company's stock after selling 1,332 shares during the quarter. MercadoLibre comprises approximately 17.9% of Atmos Capital Gestao DE Recursos LTDA.'s portfolio, making the stock its 3rd largest position. Atmos Capital Gestao DE Recursos LTDA. owned about 0.10% of MercadoLibre worth $82,587,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MELI. Human Investing LLC purchased a new stake in MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. increased its stake in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd purchased a new position in MercadoLibre in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter worth $32,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MELI stock traded down $30.90 during midday trading on Monday, hitting $2,194.95. The company had a trading volume of 101,250 shares, compared to its average volume of 423,346. The company's 50 day simple moving average is $2,050.36 and its 200 day simple moving average is $1,965.16. MercadoLibre, Inc. has a 52-week low of $1,419.86 and a 52-week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock has a market cap of $111.28 billion, a price-to-earnings ratio of 58.33, a PEG ratio of 1.12 and a beta of 1.62.

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

Wall Street Analyst Weigh In

MELI has been the subject of a number of recent research reports. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a research note on Tuesday, January 21st. Citigroup restated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Wedbush decreased their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Finally, Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $2,464.67.

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.