Bank Julius Baer & Co. Ltd Zurich Has $2.23 Million Holdings in MercadoLibre, Inc. $MELI

Bank Julius Baer & Co. Ltd Zurich increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 763.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,105 shares of the company’s stock after buying an additional 977 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in MercadoLibre were worth $2,226,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of MercadoLibre by 307.5% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 163 shares of the company’s stock valued at $350,000 after buying an additional 123 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of MercadoLibre by 43.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,877 shares of the company’s stock valued at $3,651,000 after buying an additional 573 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of MercadoLibre by 5.1% in the 4th quarter. Allworth Financial LP now owns 1,207 shares of the company’s stock valued at $2,431,000 after buying an additional 59 shares during the last quarter. Freemont Management S.A. boosted its holdings in shares of MercadoLibre by 196.8% in the 4th quarter. Freemont Management S.A. now owns 555 shares of the company’s stock valued at $1,118,000 after buying an additional 368 shares during the last quarter. Finally, Knuff & Co LLC boosted its holdings in shares of MercadoLibre by 12.5% in the 4th quarter. Knuff & Co LLC now owns 4,977 shares of the company’s stock valued at $10,025,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Down 3.8%

MELI opened at $1,546.81 on Friday. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,645.22. The stock’s fifty day simple moving average is $1,734.98 and its 200 day simple moving average is $1,945.43. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market cap of $78.42 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the company posted $9.74 EPS. The firm’s revenue was up 49.0% on a year-over-year basis. As a group, research analysts expect that MercadoLibre, Inc. will post 42.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

MELI has been the subject of several recent analyst reports. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and cut their price objective for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Scotiabank cut their price objective on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Barclays cut their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday. Finally, Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,255.33.

MercadoLibre 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.