Mercadolibre Inc (MELI) Given Consensus Recommendation of “Hold” by Analysts

Mercadolibre Inc (NASDAQ:MELI) has been assigned an average rating of “Hold” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $454.36.

A number of equities research analysts have recently issued reports on MELI shares. Goldman Sachs Group started coverage on shares of Mercadolibre in a research report on Tuesday, February 5th. They issued a “buy” rating and a $438.00 target price for the company. ValuEngine raised shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 21st. JPMorgan Chase & Co. boosted their target price on shares of Mercadolibre from $430.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, March 11th. BTIG Research boosted their target price on shares of Mercadolibre to $535.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Susquehanna Bancshares reissued a “negative” rating and issued a $340.00 target price on shares of Mercadolibre in a research report on Friday, March 8th.

Shares of NASDAQ:MELI traded down $6.38 on Monday, hitting $492.00. The company had a trading volume of 663,587 shares, compared to its average volume of 645,979. Mercadolibre has a 1-year low of $257.52 and a 1-year high of $527.09. The company has a market cap of $22.24 billion, a P/E ratio of -600.00 and a beta of 2.22. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.30 and a quick ratio of 1.29.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Tuesday, February 26th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.13. Mercadolibre had a negative net margin of 2.54% and a negative return on equity of 13.47%. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $400.80 million. During the same period in the previous year, the company earned ($1.53) earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that Mercadolibre will post 0.4 earnings per share for the current year.

In other news, Director Emiliano Calemzuk acquired 120 shares of the business’s stock in a transaction that occurred on Saturday, March 9th. The stock was acquired at an average price of $414.14 per share, with a total value of $49,696.80. Following the completion of the transaction, the director now directly owns 2,669 shares of the company’s stock, valued at approximately $1,105,339.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MELI. Shine Investment Advisory Services Inc. bought a new stake in Mercadolibre during the first quarter worth about $34,000. Carroll Financial Associates Inc. raised its stake in Mercadolibre by 59.5% during the first quarter. Carroll Financial Associates Inc. now owns 67 shares of the company’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Csenge Advisory Group acquired a new position in Mercadolibre during the third quarter worth about $42,000. We Are One Seven LLC acquired a new position in Mercadolibre during the fourth quarter worth about $51,000. Finally, Larson Financial Group LLC acquired a new position in Mercadolibre during the fourth quarter worth about $59,000. 91.12% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Mercadolibre (NASDAQ:MELI)

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