Shares of MercadoLibre, Inc. (NASDAQ:MELI – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $2,255.3333.
A number of equities research analysts have weighed in on MELI shares. JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Cantor Fitzgerald cut their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and cut their price target for the company from $2,800.00 to $2,600.00 in a report on Tuesday, April 7th. Barclays cut their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target for the company. in a report on Friday, May 8th.
View Our Latest Report on MercadoLibre
Insider Buying and Selling
Institutional Trading of MercadoLibre
A number of hedge funds have recently bought and sold shares of MELI. Capital Research Global Investors lifted its stake in MercadoLibre by 22.5% during the fourth quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock valued at $4,481,812,000 after buying an additional 408,939 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in MercadoLibre by 803.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock valued at $671,665,000 after buying an additional 296,543 shares in the last quarter. Norges Bank purchased a new stake in MercadoLibre during the fourth quarter valued at about $597,045,000. Royal Bank of Canada lifted its stake in MercadoLibre by 114.2% during the first quarter. Royal Bank of Canada now owns 444,603 shares of the company’s stock valued at $768,728,000 after buying an additional 237,008 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in MercadoLibre by 184.8% during the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock valued at $628,083,000 after buying an additional 202,322 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.
MercadoLibre Stock Performance
MELI stock opened at $1,730.98 on Thursday. The company has a market capitalization of $87.76 billion, a P/E ratio of 45.68, a PEG ratio of 1.04 and a beta of 1.36. The company has a 50-day simple moving average of $1,720.80 and a 200 day simple moving average of $1,898.53. MercadoLibre has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,645.22. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.
MercadoLibre (NASDAQ:MELI – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period in the previous year, the company earned $9.74 EPS. Sell-side analysts predict that MercadoLibre will post 40.97 earnings per share for the current fiscal year.
About MercadoLibre
MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.
Key offerings include its marketplace platform and a suite of logistics and payment services.
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