J. Safra Sarasin Holding AG Has $21.98 Million Position in MercadoLibre, Inc. $MELI

Key Points

• J. Safra Sarasin Holding AG reduced its position in MercadoLibre, Inc. by 4.5% during the 2nd quarter, holding shares valued at $21.98 million after selling 394 shares.
• MercadoLibre reported earnings of $10.31 per share in its latest quarter, missing analyst expectations, but its revenue increased by 33.8% year-over-year.
• Analysts have set various price targets for MercadoLibre, with an average target of $2,828.33, indicating an overall "Moderate Buy" rating from the market.

J. Safra Sarasin Holding AG decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,409 shares of the company's stock after selling 394 shares during the period. J. Safra Sarasin Holding AG's holdings in MercadoLibre were worth $21,978,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Parsons Capital Management Inc. RI acquired a new stake in shares of MercadoLibre during the second quarter worth $261,000. Pure Financial Advisors LLC lifted its stake in MercadoLibre by 9.2% in the second quarter. Pure Financial Advisors LLC now owns 119 shares of the company's stock valued at $312,000 after buying an additional 10 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in MercadoLibre by 52.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 153,118 shares of the company's stock worth $400,194,000 after buying an additional 52,795 shares during the last quarter. BSW Wealth Partners grew its position in shares of MercadoLibre by 4.4% during the 2nd quarter. BSW Wealth Partners now owns 213 shares of the company's stock worth $557,000 after buying an additional 9 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $2,246.60 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The firm has a market cap of $113.90 billion, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.46. The stock's 50-day moving average is $2,386.09 and its 200-day moving average is $2,340.46. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The firm's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business posted $10.48 EPS. Equities analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MELI shares. Wedbush set a $2,700.00 price objective on shares of MercadoLibre and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Barclays decreased their price target on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Citigroup reduced their target price on MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $2,828.33.

About MercadoLibre

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.

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