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

Osmosis Investment Management UK Ltd reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 41.2% during the 2nd quarter, Holdings Channel.com reports. The firm 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 SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the second quarter valued at approximately $29,000. Laurel Wealth Advisors LLC purchased a new stake in MercadoLibre in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new stake in MercadoLibre in the 4th quarter worth approximately $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,922.73 on Monday. The stock has a market capitalization of $97.48 billion, a PE ratio of 52.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The business has a 50 day simple moving average of $1,793.05 and a 200-day simple moving average of $1,773.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the prior year, the company posted $10.31 EPS. The business’s quarterly revenue was up 49.8% on a year-over-year basis. On average, analysts anticipate that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 7th. Benchmark dropped their price target on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Barclays cut their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, BTIG Research reissued a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a research note on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.