MercadoLibre, Inc. (NASDAQ:MELI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

MercadoLibre, Inc. (NASDAQ:MELIGet Free Report) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $2,725.3333.

A number of research analysts have issued reports on MELI shares. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. downgraded shares of MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $2,650.00 to $2,100.00 in a report on Thursday. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Finally, Itau BBA Securities reissued an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th.

Check Out Our Latest Stock Report on MELI

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,670.00 on Friday. The stock has a market cap of $84.67 billion, a PE ratio of 42.39, a PEG ratio of 0.90 and a beta of 1.48. MercadoLibre has a 52 week low of $1,631.18 and a 52 week high of $2,645.22. The company’s fifty day moving average is $1,996.22 and its 200 day moving average is $2,119.50. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELIGet Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $12.61 EPS. Research analysts anticipate that MercadoLibre will post 43.96 earnings per share for the current year.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

Hedge Funds Weigh In On MercadoLibre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MELI. Bison Wealth LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $206,000. Empowered Funds LLC increased its position in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after purchasing an additional 49 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of MercadoLibre during the second quarter worth about $261,000. Finally, Savant Capital LLC increased its holdings in MercadoLibre by 23.3% in the second quarter. Savant Capital LLC now owns 408 shares of the company’s stock valued at $1,065,000 after buying an additional 77 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

About MercadoLibre

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.