Swiss National Bank Trims Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Swiss National Bank cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,900 shares of the company’s stock after selling 6,500 shares during the quarter. Swiss National Bank’s holdings in MercadoLibre were worth $219,187,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Human Investing LLC bought a new stake in shares of MercadoLibre in the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. grew its holdings in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after purchasing an additional 8 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at about $32,000. Finally, Mather Group LLC. lifted its position in shares of MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company’s stock worth $32,000 after purchasing an additional 12 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on MELI shares. Barclays boosted their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Bank of America increased their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $2,402.81.

MercadoLibre Trading Down 0.8 %

NASDAQ:MELI opened at $1,989.70 on Friday. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The business has a fifty day moving average of $1,963.24 and a 200-day moving average of $1,969.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock has a market cap of $100.87 billion, a price-to-earnings ratio of 52.78, a PEG ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. The firm had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Equities analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share 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.