BidaskClub downgraded shares of MercadoLibre (NASDAQ:MELI) from a strong-buy rating to a buy rating in a research note released on Tuesday, March 20th.
A number of other analysts have also recently commented on the company. Citigroup cut MercadoLibre from a neutral rating to a sell rating and set a $230.00 price target for the company. in a research report on Wednesday, December 20th. Stifel Nicolaus reissued a buy rating and issued a $415.00 price objective (up previously from $350.00) on shares of MercadoLibre in a report on Sunday, January 28th. JPMorgan Chase raised MercadoLibre from a neutral rating to an overweight rating in a report on Wednesday, February 28th. TheStreet cut MercadoLibre from a b rating to a c rating in a report on Friday, February 23rd. Finally, Deutsche Bank set a $335.00 price target on MercadoLibre and gave the stock a hold rating in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. MercadoLibre presently has an average rating of Hold and a consensus price target of $338.67.
Shares of NASDAQ:MELI traded down $1.30 on Tuesday, reaching $327.40. The company had a trading volume of 980,310 shares, compared to its average volume of 666,173. MercadoLibre has a 52-week low of $214.00 and a 52-week high of $417.91. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $15,359.25, a PE ratio of 129.41 and a beta of 2.07.
MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.35). MercadoLibre had a return on equity of 26.75% and a net margin of 0.99%. The business had revenue of $436.98 million for the quarter, compared to analysts’ expectations of $404.74 million. research analysts predict that MercadoLibre will post 2.08 EPS for the current year.
Several hedge funds have recently bought and sold shares of MELI. Fieldpoint Private Securities LLC purchased a new stake in shares of MercadoLibre in the third quarter valued at approximately $104,000. Dumac Inc. grew its position in shares of MercadoLibre by 105.6% in the fourth quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after purchasing an additional 190 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $140,000. Elkfork Partners LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $185,000. Finally, Green Square Capital LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 92.12% of the company’s stock.
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MercadoLibre Company Profile
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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