Swiss National Bank increased its stake in shares of Mercadolibre Inc (NASDAQ:MELI) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,800 shares of the company’s stock after buying an additional 4,600 shares during the quarter. Swiss National Bank’s holdings in Mercadolibre were worth $41,491,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Flossbach Von Storch AG lifted its position in shares of Mercadolibre by 4.5% during the 2nd quarter. Flossbach Von Storch AG now owns 3,500 shares of the company’s stock worth $1,046,000 after buying an additional 150 shares during the period. Aperio Group LLC lifted its position in shares of Mercadolibre by 7.3% during the 1st quarter. Aperio Group LLC now owns 2,630 shares of the company’s stock worth $937,000 after buying an additional 178 shares during the period. First Mercantile Trust Co. lifted its position in shares of Mercadolibre by 5.3% during the 2nd quarter. First Mercantile Trust Co. now owns 4,000 shares of the company’s stock worth $1,196,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mercadolibre by 1.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,962 shares of the company’s stock worth $3,277,000 after buying an additional 207 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Mercadolibre by 14.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,359 shares of the company’s stock worth $705,000 after buying an additional 305 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.

In other Mercadolibre news, Director Meyer Malka purchased 16,518 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was purchased at an average cost of $301.39 per share, with a total value of $4,978,360.02. Following the acquisition, the director now directly owns 1,708 shares of the company’s stock, valued at approximately $514,774.12. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

Several equities analysts recently commented on MELI shares. Zacks Investment Research downgraded Mercadolibre from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies raised their target price on Mercadolibre to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Stifel Nicolaus upgraded Mercadolibre from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a research report on Tuesday, August 21st. KeyCorp upgraded Mercadolibre from a “sector weight” rating to an “overweight” rating and set a $350.00 target price for the company in a research report on Monday, June 25th. Finally, Credit Suisse Group raised their target price on Mercadolibre from $380.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $356.92.

MELI stock opened at $378.18 on Wednesday. Mercadolibre Inc has a fifty-two week low of $217.06 and a fifty-two week high of $417.91. The firm has a market cap of $16.23 billion, a P/E ratio of 1,267.38 and a beta of 2.04. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.15.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.04). Mercadolibre had a negative net margin of 4.39% and a positive return on equity of 4.32%. The business had revenue of $335.40 million for the quarter, compared to analyst estimates of $333.98 million. During the same period in the prior year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. equities research analysts expect that Mercadolibre Inc will post -0.33 EPS for the current fiscal year.

Mercadolibre Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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