Posted by admin on Apr 19th, 2022 
MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) has been assigned an average recommendation of “Buy” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $1,690.92.
Several equities analysts have issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of MercadoLibre from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Bradesco Corretora upgraded shares of MercadoLibre from a “neutral” rating to an “outperform” rating in a research report on Friday, February 25th. Susquehanna lowered their price target on MercadoLibre from $1,990.00 to $1,750.00 and set a “positive” rating for the company in a report on Wednesday, February 23rd. Citigroup cut their target price on MercadoLibre from $1,750.00 to $1,500.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. Finally, Credit Suisse Group boosted their price target on MercadoLibre from $1,675.00 to $1,685.00 in a research report on Wednesday, February 23rd.
NASDAQ MELI opened at $1,070.04 on Tuesday. MercadoLibre has a one year low of $858.99 and a one year high of $1,970.13. The firm has a 50 day simple moving average of $1,098.26 and a 200-day simple moving average of $1,234.24. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.36 and a current ratio of 1.40. The firm has a market cap of $53.95 billion, a price-to-earnings ratio of 633.16 and a beta of 1.51.
MercadoLibre (NASDAQ:MELI – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($1.81). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.02 billion. MercadoLibre had a return on equity of 31.09% and a net margin of 1.18%. The firm’s revenue for the quarter was up 60.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.02) EPS. Equities analysts predict that MercadoLibre will post 8.55 EPS for the current fiscal year.
In other MercadoLibre news, Director Emiliano Calemzuk sold 75 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $1,008.61, for a total transaction of $75,645.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP La Serna Juan Martin De purchased 50 shares of the business’s stock in a transaction on Friday, March 11th. The shares were acquired at an average price of $931.00 per share, with a total value of $46,550.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 205 shares of company stock worth $188,950. 0.39% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SOL Capital Management CO bought a new stake in MercadoLibre in the 1st quarter valued at $205,000. NorthCrest Asset Manangement LLC increased its stake in shares of MercadoLibre by 9.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 9,147 shares of the company’s stock worth $10,880,000 after purchasing an additional 818 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of MercadoLibre by 45.9% during the 1st quarter. Annex Advisory Services LLC now owns 1,871 shares of the company’s stock worth $2,226,000 after purchasing an additional 589 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of MercadoLibre by 25.7% during the 1st quarter. IFM Investors Pty Ltd now owns 7,327 shares of the company’s stock worth $8,715,000 after purchasing an additional 1,499 shares during the last quarter. Finally, KCS Wealth Advisory increased its stake in shares of MercadoLibre by 6.8% during the 1st quarter. KCS Wealth Advisory now owns 2,248 shares of the company’s stock worth $2,674,000 after purchasing an additional 144 shares during the last quarter. 77.18% of the stock is owned by hedge funds and other institutional investors.
About MercadoLibre (Get Rating)
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, 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.
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