MercadoLibre, Inc. $MELI Holdings Lowered by Atmos Capital Gestao DE Recursos LTDA.

Key Points

• Atmos Capital Gestao DE Recursos LTDA. reduced its stake in MercadoLibre by 7.4%, now holding 44,963 shares, which constitutes 18.4% of its investment portfolio.
• MercadoLibre reported earnings per share of $10.31 for the last quarter, falling short of analysts' expectations of $12.01, although its revenue increased by 33.8% year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for MercadoLibre, with a target price of approximately $2,817.22, reflecting anticipated growth in the company's stock.

Atmos Capital Gestao DE Recursos LTDA. lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,963 shares of the company's stock after selling 3,605 shares during the period. MercadoLibre accounts for 18.4% of Atmos Capital Gestao DE Recursos LTDA.'s investment portfolio, making the stock its 3rd largest position. Atmos Capital Gestao DE Recursos LTDA. owned about 0.09% of MercadoLibre worth $87,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Key Financial Inc purchased a new position in shares of MercadoLibre during the 1st quarter valued at $25,000. GW&K Investment Management LLC purchased a new stake in MercadoLibre during the 1st quarter worth about $25,000. Close Asset Management Ltd lifted its holdings in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after purchasing an additional 11 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in MercadoLibre during the 4th quarter worth about $26,000. Finally, Brooklyn Investment Group lifted its holdings in MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,346.96 on Tuesday. The firm has a market capitalization of $118.98 billion, a P/E ratio of 57.96, a P/E/G ratio of 1.57 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The stock's 50-day simple moving average is $2,396.74 and its two-hundred day simple moving average is $2,303.31. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.MercadoLibre's revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.48 earnings per share. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Benchmark reissued a "buy" rating and set a $2,875.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. Susquehanna reissued a "positive" rating and set a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Citigroup dropped their price objective on MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Barclays dropped their price objective on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $2,750.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,817.22.

About MercadoLibre

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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