MELI has been the subject of a number of other research reports. ValuEngine upgraded shares of Mercadolibre from a hold rating to a buy rating in a report on Friday, November 1st. TheStreet downgraded shares of Mercadolibre from a c rating to a d+ rating in a report on Thursday, October 31st. Credit Suisse Group lifted their target price on shares of Mercadolibre from $640.00 to $710.00 and gave the stock an outperform rating in a research note on Wednesday, August 7th. They noted that the move was a valuation call. Goldman Sachs Group set a $713.00 target price on shares of Mercadolibre and gave the stock a buy rating in a research note on Tuesday, September 10th. Finally, Deutsche Bank lifted their target price on shares of Mercadolibre from $600.00 to $725.00 and gave the stock a buy rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $657.56.
NASDAQ MELI traded up $3.32 during trading hours on Friday, reaching $536.33. 516,552 shares of the company were exchanged, compared to its average volume of 570,761. Mercadolibre has a 1 year low of $257.52 and a 1 year high of $698.98. The business’s 50 day simple moving average is $533.97 and its 200-day simple moving average is $582.96. The company has a quick ratio of 2.72, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $27.35 billion, a P/E ratio of -654.06 and a beta of 1.61.
Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.97). Mercadolibre had a negative return on equity of 1.29% and a negative net margin of 5.87%. The company had revenue of $603.03 million for the quarter, compared to analysts’ expectations of $588.23 million. During the same quarter last year, the business posted ($0.23) EPS. The business’s quarterly revenue was up 69.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Mercadolibre will post -1.15 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Allied Advisory Services Inc. grew its stake in Mercadolibre by 6.5% during the third quarter. First Allied Advisory Services Inc. now owns 857 shares of the company’s stock valued at $480,000 after acquiring an additional 52 shares in the last quarter. Corient Capital Partners LLC purchased a new position in Mercadolibre during the third quarter valued at approximately $283,000. Banco Santander S.A. grew its stake in Mercadolibre by 186.2% during the third quarter. Banco Santander S.A. now owns 1,076 shares of the company’s stock valued at $593,000 after acquiring an additional 700 shares in the last quarter. BBVA USA Bancshares Inc. grew its stake in Mercadolibre by 61.1% during the third quarter. BBVA USA Bancshares Inc. now owns 2,104 shares of the company’s stock valued at $1,159,000 after acquiring an additional 798 shares in the last quarter. Finally, LA Financiere DE L Echiquier purchased a new position in Mercadolibre during the third quarter valued at approximately $682,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.
Mercadolibre Company Profile
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.
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