Bank Julius Baer & Co. Ltd Zurich Purchases 977 Shares of MercadoLibre, Inc. $MELI

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

Several other large investors have also recently added to or reduced their stakes in MELI. Bison Wealth LLC bought a new position in MercadoLibre during the 4th quarter worth $206,000. Empowered Funds LLC increased its position in MercadoLibre by 6.9% during the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares during the period. Focus Partners Wealth increased its position in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares during the period. Sivia Capital Partners LLC bought a new position in MercadoLibre during the 2nd quarter worth $261,000. Finally, Gamco Investors INC. ET AL increased its position in MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after buying an additional 30 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 3.8%

Shares of NASDAQ MELI opened at $1,546.81 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.16. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,645.22. The stock has a market capitalization of $78.42 billion, a P/E ratio of 40.82, a PEG ratio of 0.95 and a beta of 1.41. The stock’s fifty day moving average is $1,734.98 and its 200 day moving average is $1,945.43.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on MELI shares. Scotiabank lowered their price objective on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. Zacks Research cut MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research report on Friday, May 8th. UBS Group lowered their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and decreased their price target for the stock from $2,800.00 to $2,600.00 in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,255.33.

About MercadoLibre

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.