Stocks of MercadoLibre Inc. (NASDAQ:MELI) traded higher last session on Wall Street, down -0.49% to $1162.33.
According to the data, MercadoLibre Inc. (NASDAQ:MELI) has 21 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1750.00 and a low of $800.00, we find $1460.00. Given the previous closing price of $1168.04, this indicates a potential upside of 25.0 percent. MELI stock price is now 5.80% away from the 50-day moving average and 27.61% away from the 200-day moving average. The market capitalization of the company currently stands at $60.10B.
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A total of 3 analysts have issued a hold rating and 17 have given it a buy rating. Brokers who have rated the stock have averaged $1423.79 as their price target over the next twelve months.
On January 07, 2022, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $2000 to quote $1250, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’.
In other news, de la Serna Juan Martin, Executive VP Corporate Affairs sold 150 shares of the company’s stock on Mar 08. The stock was sold for $187,500 at an average price of $1250.00. Upon completion of the transaction, the Executive VP Corporate Affairs now directly owns 200 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, Executive VP Corporate Affairs de la Serna Juan Martin sold 150 shares of the business’s stock. A total of $189,750 was realized by selling the stock at an average price of $1265.00. This leaves the insider owning 350 shares of the company worth $0.41 million. A total of 7.85% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MELI stock. A new stake in MercadoLibre Inc. shares was purchased by INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC during the first quarter worth $465,102,000. BNP PARIBAS ARBITRAGE, SNC invested $109,568,000 in shares of MELI during the first quarter. In the first quarter, RIBBIT CAPITAL IV, L.P. acquired a new stake in MercadoLibre Inc. valued at approximately $64,914,000. SHANDA ASSET MANAGEMENT HOLDINGS LTD acquired a new stake in MELI for approximately $51,724,000. BANCO BTG PACTUAL S.A. purchased a new stake in MELI valued at around $18,109,000 in the second quarter. In total, there are 1,362 active investors with 84.70% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $1,152.78 for MercadoLibre Inc. (NASDAQ: MELI). During the past 12 months, MercadoLibre Inc. has had a low of $600.68 and a high of $1275.82. As of last week, the company has a debt-to-equity ratio of 2.60, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for MELI is $1,098.60 and a two-hundred day moving average price translates $910.87 for the stock.
The latest earnings results from MercadoLibre Inc. (NASDAQ: MELI) was released for Sep, 2022. According to the Internet Retail Company, earnings per share came in at $2.56, beating analysts’ expectations of $2.42 by 0.14. This compares to -$0.93 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 29.10% for MELI. The company reported revenue of $3.0 billion for the quarter, compared to $2.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.94 percent. For the current quarter, analysts expect MELI to generate $2.96B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/16/2018. Investors who held shares on 12/31/2017 were paid a $0.15 dividend.
MercadoLibre Inc.(MELI) Company Profile
MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.
