Osmosis Investment Management UK Ltd Decreases Stock Holdings in MercadoLibre, Inc. $MELI

Key Points

• Osmosis Investment Management cut its MercadoLibre stake by 41.2% in the second quarter, selling 1,456 shares and retaining 2,079 shares valued at approximately $3.53 million. Institutional investors collectively own 87.62% of the company.
• MercadoLibre reported quarterly earnings of $9.19 per share, exceeding estimates of $8.65, while revenue rose 49.8% year over year to $10.17 billion.
• Analysts maintain a Moderate Buy consensus, with 11 Buy ratings and six Holds and an average price target of $2,272, above the reported share price of $1,922.73.

Osmosis Investment Management UK Ltd lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 41.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,079 shares of the company's stock after selling 1,456 shares during the quarter. Osmosis Investment Management UK Ltd's holdings in MercadoLibre were worth $3,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saranac Partners Ltd bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $244,000. Weitz Investment Management Inc. raised its stake in shares of MercadoLibre by 15.0% during the 2nd quarter. Weitz Investment Management Inc. now owns 9,200 shares of the company's stock worth $15,616,000 after acquiring an additional 1,200 shares in the last quarter. Gabelli Funds LLC lifted its position in MercadoLibre by 61.6% during the second quarter. Gabelli Funds LLC now owns 748 shares of the company's stock valued at $1,270,000 after acquiring an additional 285 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in MercadoLibre during the second quarter valued at approximately $311,000. Finally, W1M Asset Management Ltd boosted its stake in MercadoLibre by 0.5% in the second quarter. W1M Asset Management Ltd now owns 39,058 shares of the company's stock valued at $66,306,000 after acquiring an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,922.73 on Monday. The business has a fifty day moving average of $1,793.05 and a 200 day moving average of $1,773.33. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $97.48 billion, a price-to-earnings ratio of 52.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, beating the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the previous year, the business earned $10.31 EPS. The company's quarterly revenue was up 49.8% compared to the same quarter last year. As a group, research analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MercadoLibre in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Morgan Stanley reduced their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an "overweight" rating on the stock in a research report on Monday, May 11th. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a research note on Friday, May 8th. Finally, Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,272.00.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

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