MercadoLibre, Inc. (NASDAQ:MELI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MercadoLibre, Inc. (NASDAQ:MELI) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $1,806.15.

A number of research firms have commented on MELI. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Susquehanna boosted their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Wedbush reaffirmed an “outperform” rating and set a $2,000.00 price objective on shares of MercadoLibre in a research report on Tuesday, March 5th. Barclays lowered their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Finally, StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th.

MercadoLibre Stock Down 4.2 %

MELI opened at $1,444.14 on Friday. The stock has a market capitalization of $73.22 billion, a P/E ratio of 73.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. MercadoLibre has a one year low of $1,063.02 and a one year high of $1,825.00. The business’s 50-day simple moving average is $1,594.55 and its 200-day simple moving average is $1,519.20.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the firm earned $3.25 EPS. The company’s quarterly revenue was up 42.0% on a year-over-year basis. Analysts anticipate that MercadoLibre will post 35.89 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wealthspire Advisors LLC grew its stake in shares of MercadoLibre by 1.8% during the 4th quarter. Wealthspire Advisors LLC now owns 391 shares of the company’s stock worth $614,000 after purchasing an additional 7 shares during the period. Independent Advisor Alliance grew its position in MercadoLibre by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 586 shares of the company’s stock worth $921,000 after buying an additional 7 shares during the period. Synergy Financial Group LTD increased its holdings in MercadoLibre by 0.5% in the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock valued at $2,030,000 after buying an additional 8 shares in the last quarter. Gateway Advisory LLC lifted its position in shares of MercadoLibre by 1.9% during the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after acquiring an additional 8 shares during the period. Finally, Contravisory Investment Management Inc. boosted its stake in shares of MercadoLibre by 6.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after acquiring an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; 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.