Swiss National Bank Has $221.59 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Swiss National Bank lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,000 shares of the company’s stock after selling 4,400 shares during the period. Swiss National Bank owned 0.28% of MercadoLibre worth $221,587,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth about $28,000. Archer Investment Corp acquired a new position in MercadoLibre during the 4th quarter valued at $31,000. NBC Securities Inc. bought a new stake in MercadoLibre in the 3rd quarter valued at $35,000. Larson Financial Group LLC bought a new position in shares of MercadoLibre during the 4th quarter worth about $36,000. Finally, Blue Trust Inc. raised its position in shares of MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after buying an additional 9 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock traded up $124.57 during trading hours on Friday, reaching $1,630.56. 1,346,547 shares of the stock were exchanged, compared to its average volume of 402,715. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The company has a market cap of $82.67 billion, a P/E ratio of 83.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. The stock has a 50 day moving average of $1,499.27 and a two-hundred day moving average of $1,534.96.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same period last year, the company posted $3.97 EPS. Equities analysts expect that MercadoLibre, Inc. will post 34.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a research report on Tuesday, April 23rd. Wedbush restated an “outperform” rating and issued a $1,800.00 price objective on shares of MercadoLibre in a research note on Friday. Barclays decreased their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. UBS Group lowered their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,790.36.

About MercadoLibre

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.