Banque Cantonale Vaudoise Has $904,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

Banque Cantonale Vaudoise lessened its position in MercadoLibre, Inc. (NASDAQ:MELI) by 49.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 550 shares of the company’s stock after selling 541 shares during the period. Banque Cantonale Vaudoise’s holdings in MercadoLibre were worth $904,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vestor Capital LLC raised its stake in MercadoLibre by 10.0% during the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after buying an additional 8 shares during the period. Raymond James & Associates increased its holdings in shares of MercadoLibre by 4.8% in the second quarter. Raymond James & Associates now owns 34,840 shares of the company’s stock worth $57,256,000 after acquiring an additional 1,604 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of MercadoLibre by 20.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,642 shares of the company’s stock worth $41,794,000 after purchasing an additional 4,658 shares during the period. Gulf International Bank UK Ltd lifted its holdings in shares of MercadoLibre by 33.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 4,960 shares of the company’s stock valued at $7,499,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Sarasin & Partners LLP grew its position in shares of MercadoLibre by 168.5% in the 2nd quarter. Sarasin & Partners LLP now owns 45,407 shares of the company’s stock valued at $74,622,000 after purchasing an additional 28,494 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MELI opened at $2,061.66 on Monday. MercadoLibre, Inc. has a 12 month low of $1,141.04 and a 12 month high of $2,064.76. The firm has a fifty day simple moving average of $1,777.26 and a 200 day simple moving average of $1,649.99. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 92.24, a PEG ratio of 1.36 and a beta of 1.60. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. Research analysts forecast that MercadoLibre, Inc. will post 35.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on MELI shares. The Goldman Sachs Group raised their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Barclays upped their price target on shares of MercadoLibre from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. BTIG Research upped their price target on shares of MercadoLibre from $2,025.00 to $2,250.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. Finally, New Street Research cut shares of MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,105.91.

MercadoLibre Profile

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.