Financial Technology

Jefferies Financial Group predicts MercadoLibre, Inc. will earn $2.39 per share in the fourth quarter of 2022. (NASDAQ:MELI)

MELI (NASDAQ: MELI) MercadoLibre Jefferies Financial Group equity analysts upped their estimates for MercadoLibre’s earnings per share in the fourth quarter of 2022 in a research study that was distributed to clients and investors on Monday, January 9. The study was published in a report that was made available online. Analyst J. Colantuoni from Jefferies Financial Group raised his previous estimate of the company’s quarterly earnings per share from $2.38 to $2.39. This represents a 1% increase. Jefferies Financial Group has given the shares of the company a “hold” rating, and the firm has established a price objective of $970.00 for the company’s stock. According to the most recent estimates, MercadoLibre should generate earnings of $8.20 per share for the entire year. This is the expectation regarding the company’s financial performance.

MELI has also been discussed in various additional research publications over the years. In a piece released on October 12, announced that it would begin providing coverage of MercadoLibre shares. They recommended that shareholders “hold” their shares of the company. In a report disseminated on Friday, December 23, Citigroup stated that the company had increased its price objective on MercadoLibre shares from $1,050.00 to $1,100.00. The report was related to the fact that the company had raised its price objective on MercadoLibre shares. In a research note published on Monday, October 31, Credit Suisse Group stated that they are no longer considering the shares of MercadoLibre to be in an “outperform” status and that they have decreased their price objective on the company’s stock from $1,470.00 to $1,400.00. Nine research analysts have assigned a buy rating to the stock, while only two have assigned a hold rating to the stock. The information from suggests that the share price will reach $1,322.00 and that it has been given an average rating of “Moderate Buy.”

When the market opened on Wednesday, the price of a single share of MELI’s stock was $915.78 per share. The company has experienced a simple moving average of $867.49 over the past 200 days, while the simple moving average for the past 50 days is $900.98. There is a 1.68 debt-to-equity ratio, a 1.31 quick ratio, and a 1.34 current ratio. Each of these ratios is different from the others. The firm has a beta value of 1.53, and its market capitalization is estimated to be $46.05 billion at a P.E. ratio of 170.54. The price of a share of MercadoLibre has been as low as $600.68 over the past 52 weeks, while it has reached an all-time high of $1,275.82 during the same period.

MercadoLibre (NASDAQ: MELI) disclosed the outcomes of its most recent quarterly earnings report on Thursday, November 3. The company reported earnings per share (EPS) for the period to be $2.56, which is $0.25 more than the consensus estimate of $2.31 among analysts. The revenue for the quarter came in at $2.63 billion, a significant decrease from the consensus expectation of $2.69 billion for the quarter’s revenue. MercadoLibre had a return on equity of 17.11% and a net margin of 2.80% for their business. Compared to the same quarter of the previous year, the rise in revenue was 41.6% higher than the previous quarter’s total. The company earned a total of $1.92 in earnings per share during the same period the year before.

Over the past few months, a number of hedge funds have made modifications to the MELI positions that are held within their investment portfolios. Raymond James Trust N.A. made a new investment in MercadoLibre during the first three months of 2018, and the amount of that investment was approximately 236 thousand dollars. The percentage of MercadoLibre stock that Cibc World Market Inc. owned increased by 6.1% during the first three months of 2018, thanks to the company’s continued investment. Cibc World Market Inc. now owns a total of 659 shares, which have a value of $784,000, after purchasing 38 shares in the company during the most recent fiscal quarter. Over the first three months of the year, Dimensional Fund Advisors L.P. was able to amass an 8.6% increase in its holdings of MercadoLibre. Dimensional Fund Advisors LP is the current owner of 189 shares of the company, and the total value of these shares is $225,000. Dimensional Fund Advisors LP is the direct owner of these shares. Since the beginning of the previous quarter, this represents an increase of 15 shares that have been acquired. Blair William & Co., IL increased the amount of MercadoLibre stock owned by 10.1% over the year’s first three months. Blair William & Co., IL, acquired an additional 264 shares of the company’s stock during the most recent quarter, bringing their total number of shares owned to 2,878 at a value of $3,423,000. And lastly, during the first three months of this year, Cetera Investment Advisers made a 25.1% increase in the amount of MercadoLibre stock that it owned, bringing its total percentage of ownership to 98.4%. Cetera Investment Advisers now holds 1,048 shares of the corporation’s stock, which has a value of $1,247,000, after purchasing an additional 210 shares of the company’s stock during the period in question. This brings the total number of shares owned by the firm to 1,048. Hedge funds and other types of institutional investors hold a total of 80.49 percent of the company’s shares.

MercadoLibre, Inc. is in charge of managing online marketplaces in the Latin American countries that it operates. It runs the Mercado Libre Marketplace, an automated online commerce platform that enables companies, merchants, and individual users to list goods and engage in online sales and purchases of those goods. Mercado Libre also enables users to sell and buy goods online. Additionally, it operates the Mercado Pago FinTech platform, a platform for financial technology solutions that facilitates transactions on and off of its marketplaces by providing a mechanism that enables its users to send and receive payments online and transfer money through their websites. Mercado Pago FinTech is a platform for financial technology solutions that facilitates transactions on and off its marketplaces.

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