Nucleo Capital Reduces Stake in MercadoLibre, Inc. by 18.7%

Nucleo Capital LTDA. has reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 18.7% during the fourth quarter of the year, as reported in their latest filing with the Securities and Exchange Commission. After selling 3,467 shares during this period, Nucleo Capital now holds 15,083 shares of MercadoLibre. This company represents the largest share of Nucleo Capital's portfolio, comprising 41.7% of their total investments. As of the recent SEC filing, the value of Nucleo Capital's holdings in MercadoLibre stands at approximately $25,648,000.

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Other hedge funds have also made adjustments to their stakes in MercadoLibre. For example, Human Investing LLC initiated a new position valued at roughly $26,000 during the fourth quarter. Similarly, Pacific Capital Wealth Advisors Inc. increased its shares by 220% during the same period, acquiring an additional 11 shares to reach a total of 16 shares valued at $27,000. Brown Lisle Cummings Inc. also grew its stake by 100%, obtaining 8 additional shares for a total of 16 shares, also worth $27,000. Heck Capital Advisors LLC entered the market with a new investment valued around $32,000, while Mather Group LLC expanded its position by 171.4%, ultimately owning 19 shares valued at $32,000 after purchasing an additional 12 shares. Institutional and hedge funds collectively own 87.62% of MercadoLibre's shares.

Market Performance of MercadoLibre

The shares of MercadoLibre (MELI) opened at $2,048.07 recently. The stock's fifty-day moving average stands at $2,028.39, while the 200-day moving average is $1,973.66. MercadoLibre boasts a market capitalization of $103.83 billion, a price-to-earnings ratio of 54.33, and a price-to-earnings growth ratio of 1.12, with a beta of 1.64. Over the past year, the stock hit a low of $1,324.99 and a high of $2,374.54. Financial metrics indicate a debt-to-equity ratio of 0.78, a quick ratio of 1.22, and a current ratio of 1.25.

• MercadoLibre: High-Growth EM Stock With 100% Upside Potential

MercadoLibre released its quarterly earnings data on February 20th. The company announced an earnings per share (EPS) of $12.61 for the quarter, exceeding the analysts' expectations of $10.21 by $2.40. The company reported a return on equity of 51.89% and a net margin of 9.20%, with quarterly revenue totaling $6.06 billion, surpassing the consensus estimate of $5.94 billion. Analysts project that MercadoLibre will achieve an EPS of 43.96 for the current fiscal year.

Analyst Perspectives on MercadoLibre

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Detailed Insights on MercadoLibre

Company Profile of MercadoLibre

MercadoLibre, Inc. operates online commerce platforms primarily located in the United States. Their main operation includes the Mercado Libre Marketplace, which serves as an automated online commerce platform for businesses, merchants, and individuals to facilitate the sale and purchase of goods. They also manage the Mercado Pago FinTech platform, which provides financial solutions enabling users to send and receive payments online as well as transfer money through mobile apps and websites.

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Investment Considerations for MercadoLibre

Before making any investment in MercadoLibre, investors should consider comprehensive market analysis. According to research analysts, there are currently better investment options compared to MercadoLibre that should be evaluated before making decisions.

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Nucleo, MercadoLibre, Investments