MercadoLibre, Inc. $MELI Stake Lowered by Nucleo Capital LTDA.

Key Points

• Nucleo Capital LTDA. reduced its stake in MercadoLibre, Inc. by 42.9% during the first quarter, currently holding 8,610 shares valued at approximately $16.8 million.
• MercadoLibre reported a quarterly earnings per share of $10.31, missing estimates, but showed a revenue increase of 33.8% year-over-year to $6.79 billion.
• Institutional investors own 87.62% of MercadoLibre's stock, with research analysts setting an average target price of $2,817.22 and a consensus rating of "Moderate Buy."

Nucleo Capital LTDA. lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 42.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,610 shares of the company's stock after selling 6,473 shares during the quarter. MercadoLibre makes up about 36.9% of Nucleo Capital LTDA.'s holdings, making the stock its 2nd biggest position. Nucleo Capital LTDA.'s holdings in MercadoLibre were worth $16,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. Key Financial Inc acquired a new stake in MercadoLibre during the first quarter worth approximately $25,000. GW&K Investment Management LLC acquired a new stake in MercadoLibre during the first quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new stake in MercadoLibre during the fourth quarter worth approximately $26,000. Close Asset Management Ltd grew its position in shares of MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after acquiring an additional 11 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

MELI traded down $0.31 during trading on Friday, hitting $2,417.49. The stock had a trading volume of 493,478 shares, compared to its average volume of 309,981. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The firm has a market capitalization of $122.57 billion, a P/E ratio of 59.71, a PEG ratio of 1.57 and a beta of 1.49. The company's 50-day moving average price is $2,402.07 and its 200 day moving average price is $2,302.70. 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 quarterly earnings data on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.48 earnings per share. On average, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MELI. Citigroup lowered their target price on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Susquehanna restated a "positive" rating and set a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Cantor Fitzgerald restated an "overweight" rating and set a $2,700.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, Barclays lowered their target price on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average 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.