Atmos Capital Gestao DE Recursos LTDA. Acquires 60,870 Shares of MercadoLibre, Inc. $MELI

Atmos Capital Gestao DE Recursos LTDA. grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 415.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 75,535 shares of the company’s stock after acquiring an additional 60,870 shares during the quarter. MercadoLibre accounts for 20.0% of Atmos Capital Gestao DE Recursos LTDA.’s holdings, making the stock its 3rd largest holding. Atmos Capital Gestao DE Recursos LTDA.’s holdings in MercadoLibre were worth $152,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of MercadoLibre by 22.5% during the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock valued at $4,481,812,000 after buying an additional 408,939 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in MercadoLibre by 803.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after acquiring an additional 296,543 shares in the last quarter. Norges Bank acquired a new position in MercadoLibre during the fourth quarter worth $597,045,000. Marshall Wace LLP raised its position in MercadoLibre by 184.8% during the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock worth $628,083,000 after acquiring an additional 202,322 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in MercadoLibre by 4.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,481,563 shares of the company’s stock valued at $7,012,773,000 after purchasing an additional 164,120 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MercadoLibre

In related news, Director Alejandro Nicolas Aguzin acquired 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the transaction, the director owned 5,355 shares in the company, valued at $8,867,505.15. This represents a 12.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MELI. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Barclays decreased their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and cut their price objective for the stock from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Finally, Benchmark reduced their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Stock Up 0.2%

MELI stock opened at $1,635.15 on Friday. The company has a market cap of $82.90 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.01 and a beta of 1.36. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The firm has a 50-day moving average of $1,709.76 and a two-hundred day moving average of $1,861.50.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period last year, the business earned $9.74 earnings per share. As a group, analysts forecast that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

MercadoLibre 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.