Atala Financial Inc Has $1.05 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Atala Financial Inc increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.3% in the first quarter, HoldingsChannel reports. The firm owned 537 shares of the company’s stock after buying an additional 32 shares during the period. Atala Financial Inc’s holdings in MercadoLibre were worth $1,047,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors grew its stake in MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after buying an additional 470,829 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after acquiring an additional 405,425 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $565,306,000. Capital World Investors increased its stake in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after purchasing an additional 308,973 shares during the period. Finally, Norges Bank bought a new position in shares of MercadoLibre during the fourth quarter worth approximately $383,051,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,540.50 on Thursday. The firm has a market capitalization of $128.80 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 1.50 and a beta of 1.51. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $2,413.70 and its 200-day moving average price is $2,099.89. MercadoLibre, Inc. has a 12 month low of $1,563.21 and a 12 month high of $2,635.88.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the business earned $6.78 EPS. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MELI shares. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research report on Monday, June 2nd. Benchmark downgraded MercadoLibre from a “buy” rating to a “cautious” rating in a research report on Thursday, May 1st. Jefferies Financial Group restated a “hold” rating and set a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group upped their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,632.50.

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.