MercadoLibre, Inc. (NASDAQ:MELI) Receives $1,881.92 Average Price Target from Analysts

MercadoLibre, Inc. (NASDAQ:MELI) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $1,881.92.

Several research firms have recently weighed in on MELI. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Wedbush reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of MercadoLibre in a research report on Friday, May 3rd. Barclays increased their price target on MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and upped their price target for the stock from $1,400.00 to $2,100.00 in a report on Monday, May 20th.

Institutional Trading of MercadoLibre

A number of hedge funds and other institutional investors have recently made changes to their positions in MELI. Mariner LLC lifted its holdings in shares of MercadoLibre by 8.1% during the 3rd quarter. Mariner LLC now owns 1,663 shares of the company’s stock worth $2,109,000 after acquiring an additional 124 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of MercadoLibre by 60.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,364 shares of the company’s stock valued at $1,729,000 after buying an additional 515 shares in the last quarter. Mutual Advisors LLC lifted its position in MercadoLibre by 34.7% in the 3rd quarter. Mutual Advisors LLC now owns 715 shares of the company’s stock worth $907,000 after buying an additional 184 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in MercadoLibre by 22.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,975 shares of the company’s stock worth $3,772,000 after buying an additional 540 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in shares of MercadoLibre by 222.6% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 100 shares of the company’s stock worth $127,000 after acquiring an additional 69 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 1.1 %

MercadoLibre stock opened at $1,643.40 on Thursday. The firm has a 50 day moving average price of $1,616.76 and a two-hundred day moving average price of $1,607.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. MercadoLibre has a 52-week low of $1,063.02 and a 52-week high of $1,825.00. The firm has a market cap of $83.32 billion, a price-to-earnings ratio of 73.53, a PEG ratio of 1.21 and a beta of 1.60.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the firm posted $3.97 earnings per share. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. Equities analysts predict that MercadoLibre will post 33.81 EPS for the current year.

MercadoLibre Company Profile

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.