MercadoLibre, Inc. (NASDAQ:MELI) Receives $2,020.00 Consensus PT from Analysts

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have received a consensus rating of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $2,020.00.

Several equities research analysts have weighed in on MELI shares. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Wedbush reissued an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday, May 3rd. The Goldman Sachs Group boosted their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a report on Tuesday, April 23rd. Finally, New Street Research downgraded MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th.

Institutional Trading of MercadoLibre

Institutional investors have recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of MercadoLibre by 0.4% during the fourth quarter. Capital International Investors now owns 1,037,070 shares of the company’s stock valued at $1,630,740,000 after buying an additional 4,317 shares during the last quarter. Capital World Investors increased its holdings in shares of MercadoLibre by 12.7% in the 1st quarter. Capital World Investors now owns 845,749 shares of the company’s stock worth $1,278,738,000 after purchasing an additional 95,029 shares in the last quarter. GQG Partners LLC raised its stake in shares of MercadoLibre by 442.2% in the first quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock worth $1,201,679,000 after purchasing an additional 648,198 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of MercadoLibre by 43.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock valued at $1,167,073,000 after purchasing an additional 232,787 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of MercadoLibre by 55.8% during the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock valued at $557,225,000 after buying an additional 132,028 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 0.9 %

Shares of NASDAQ MELI opened at $1,977.97 on Friday. The firm’s fifty day moving average is $1,691.08 and its 200 day moving average is $1,630.53. MercadoLibre has a 52 week low of $1,141.04 and a 52 week high of $1,999.00. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66. The company has a market cap of $100.28 billion, a price-to-earnings ratio of 88.50, a PEG ratio of 1.13 and a beta of 1.60.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 45.61%. The company’s revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 EPS. On average, equities research analysts expect that MercadoLibre will post 33.4 earnings per share for the current year.

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.