Vontobel Holding Ltd. Trims Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Vontobel Holding Ltd. trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,667 shares of the company's stock after selling 41,508 shares during the period. Vontobel Holding Ltd. owned about 0.18% of MercadoLibre worth $183,993,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Integrated Advisors Network LLC grew its holdings in MercadoLibre by 10.7% in the 4th quarter. Integrated Advisors Network LLC now owns 300 shares of the company's stock worth $471,000 after acquiring an additional 29 shares during the last quarter. American International Group Inc. lifted its holdings in MercadoLibre by 2.9% in the 4th quarter. American International Group Inc. now owns 3,513 shares of the company's stock worth $5,521,000 after buying an additional 100 shares during the period. Scarborough Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $36,000. Vanguard Group Inc. increased its position in MercadoLibre by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 182,392 shares of the company's stock valued at $286,636,000 after purchasing an additional 3,577 shares during the period. Finally, HighPoint Advisor Group LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at about $595,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of MercadoLibre stock traded up $12.85 during trading hours on Wednesday, hitting $2,046.47. The company's stock had a trading volume of 230,007 shares, compared to its average volume of 351,333. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. MercadoLibre, Inc. has a 12-month low of $1,141.04 and a 12-month high of $2,161.73. The business has a 50 day moving average price of $2,023.10 and a two-hundred day moving average price of $1,754.14. The company has a market cap of $103.75 billion, a PE ratio of 91.37, a PEG ratio of 1.25 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $1.95. The firm had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.16 earnings per share. Analysts expect that MercadoLibre, Inc. will post 37.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Redburn Atlantic started coverage on MercadoLibre in a report on Friday, October 11th. They issued a "buy" rating and a $2,800.00 target price on the stock. Susquehanna raised their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a "positive" rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. downgraded shares of MercadoLibre from an "overweight" rating to a "neutral" rating and set a $2,400.00 price objective on the stock. in a research report on Wednesday, October 2nd. Finally, Barclays lifted their target price on shares of MercadoLibre from $2,100.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,283.00.

MercadoLibre Company 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.