MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Nucleo Capital LTDA.

Nucleo Capital LTDA. trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 18.7% in the fourth quarter, Holdings Channel reports. The firm owned 15,083 shares of the company’s stock after selling 3,467 shares during the quarter. MercadoLibre accounts for 41.7% of Nucleo Capital LTDA.’s holdings, making the stock its biggest holding. Nucleo Capital LTDA.’s holdings in MercadoLibre were worth $25,648,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake in MercadoLibre by 0.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company’s stock worth $927,239,000 after purchasing an additional 2,048 shares during the last quarter. Schroder Investment Management Group raised its stake in MercadoLibre by 9.4% during the fourth quarter. Schroder Investment Management Group now owns 443,156 shares of the company’s stock worth $753,560,000 after acquiring an additional 38,261 shares during the period. State Street Corp grew its holdings in shares of MercadoLibre by 3.1% during the third quarter. State Street Corp now owns 404,584 shares of the company’s stock valued at $830,190,000 after purchasing an additional 12,000 shares during the last quarter. Wellington Management Group LLP raised its position in shares of MercadoLibre by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 380,956 shares of the company’s stock worth $647,793,000 after purchasing an additional 31,278 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $565,306,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $2,402.81.

MercadoLibre Price Performance

MELI opened at $2,048.07 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $103.83 billion, a price-to-earnings ratio of 54.33, a PEG ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54. The firm has a 50-day moving average price of $2,028.39 and a 200-day moving average price of $1,973.66.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.