MercadoLibre (NASDAQ:MELI) had its price target lowered by research analysts at Credit Suisse Group from $1,925.00 to $1,850.00 in a research note issued on Monday, The Fly reports. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 21.16% from the company’s current price.
A number of other research analysts also recently issued reports on MELI. TheStreet downgraded MercadoLibre from a “c” rating to a “d+” rating in a report on Monday, March 15th. Citigroup boosted their price target on MercadoLibre from $1,300.00 to $2,150.00 in a report on Wednesday, January 20th. BTIG Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and set a $1,720.00 price target on the stock in a report on Wednesday, March 17th. Zacks Investment Research downgraded MercadoLibre from a “hold” rating to a “sell” rating and set a $1,865.00 target price on the stock. in a report on Wednesday, February 24th. Finally, Bradesco Corretora downgraded MercadoLibre from an “outperform” rating to a “neutral” rating and set a $2,000.00 target price on the stock. in a report on Thursday, January 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. MercadoLibre presently has a consensus rating of “Buy” and a consensus price target of $1,720.56.
NASDAQ MELI opened at $1,526.91 on Monday. MercadoLibre has a 1-year low of $610.83 and a 1-year high of $2,020.00. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $1,532.52 and a 200-day moving average of $1,593.36. The firm has a market cap of $76.15 billion, a PE ratio of -9,542.59 and a beta of 1.63.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Monday, March 1st. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($1.41). MercadoLibre had a negative net margin of 0.12% and a negative return on equity of 0.22%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm earned ($1.11) EPS. The firm’s revenue for the quarter was up 96.9% on a year-over-year basis. As a group, equities research analysts forecast that MercadoLibre will post 1.08 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of MELI. Itau Unibanco Holding S.A. grew its stake in shares of MercadoLibre by 13,455.2% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,415,233 shares of the company’s stock worth $24,180,000 after buying an additional 3,390,038 shares during the last quarter. Sands Capital Management LLC lifted its position in MercadoLibre by 107.9% in the 4th quarter. Sands Capital Management LLC now owns 1,081,766 shares of the company’s stock valued at $1,812,196,000 after acquiring an additional 561,435 shares in the last quarter. Norges Bank bought a new position in MercadoLibre in the 4th quarter valued at approximately $808,287,000. Lone Pine Capital LLC lifted its position in MercadoLibre by 179.5% in the 4th quarter. Lone Pine Capital LLC now owns 597,111 shares of the company’s stock valued at $1,000,292,000 after acquiring an additional 383,509 shares in the last quarter. Finally, Absoluto Partners Gestao de Recursos Ltda bought a new position in MercadoLibre in the 4th quarter valued at approximately $318,501,000. Institutional investors own 80.60% of the company’s stock.
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, 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 via their websites and mobile apps.
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