Swiss National Bank Trims Stock Holdings in MercadoLibre, Inc. $MELI

Swiss National Bank lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,030 shares of the company’s stock after selling 6,470 shares during the quarter. Swiss National Bank owned approximately 0.25% of MercadoLibre worth $251,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MELI. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the second quarter worth approximately $29,000. Curio Wealth LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $30,000. Holos Integrated Wealth LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of MercadoLibre during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price target on MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a research note on Wednesday, May 13th. Finally, Barclays cut their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

MercadoLibre Trading Up 1.4%

NASDAQ:MELI opened at $1,610.00 on Friday. The stock has a fifty day moving average price of $1,718.27 and a two-hundred day moving average price of $1,875.83. The stock has a market capitalization of $81.62 billion, a price-to-earnings ratio of 42.49, a PEG ratio of 0.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.74 EPS. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current fiscal year.

Insider Transactions at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was 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 of the company’s stock, valued at $8,867,505.15. The trade was a 12.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

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.