MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $1,291.50.
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Several equities research analysts have recently weighed in on the company. Credit Suisse Group decreased their price target on MercadoLibre from $1,470.00 to $1,400.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Jefferies Financial Group decreased their price target on MercadoLibre from $990.00 to $970.00 and set a “hold” rating for the company in a research note on Thursday, October 6th. StockNews.com assumed coverage on MercadoLibre in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup upped their target price on MercadoLibre from $1,050.00 to $1,100.00 in a research report on Friday, December 23rd. Finally, BTIG Research upped their target price on MercadoLibre from $1,130.00 to $1,245.00 and gave the company a “buy” rating in a research report on Friday, January 13th.
MercadoLibre Trading Down 0.1 %
Shares of MELI stock opened at $1,068.92 on Thursday. The stock has a market cap of $53.76 billion, a price-to-earnings ratio of 199.05 and a beta of 1.53. The stock has a 50-day moving average of $917.57 and a 200-day moving average of $881.89. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 1.68. MercadoLibre has a 1-year low of $600.68 and a 1-year high of $1,275.82.
MercadoLibre (NASDAQ:MELI – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.25. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.69 billion. MercadoLibre had a return on equity of 17.11% and a net margin of 2.80%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. On average, equities research analysts forecast that MercadoLibre will post 8.2 earnings per share for the current year.
Institutional Trading of MercadoLibre
A number of large investors have recently bought and sold shares of MELI. Raymond James Trust N.A. purchased a new stake in MercadoLibre in the first quarter worth $236,000. Cibc World Market Inc. grew its position in shares of MercadoLibre by 6.1% in the first quarter. Cibc World Market Inc. now owns 659 shares of the company’s stock valued at $784,000 after purchasing an additional 38 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of MercadoLibre by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 189 shares of the company’s stock valued at $225,000 after purchasing an additional 15 shares in the last quarter. Blair William & Co. IL grew its position in shares of MercadoLibre by 10.1% in the first quarter. Blair William & Co. IL now owns 2,878 shares of the company’s stock valued at $3,423,000 after purchasing an additional 264 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of MercadoLibre by 25.1% in the first quarter. Cetera Investment Advisers now owns 1,048 shares of the company’s stock valued at $1,247,000 after purchasing an additional 210 shares in the last quarter. 80.49% of the stock is owned by hedge funds and other institutional investors.
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 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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