Shares of Mercadolibre Inc (NASDAQ:MELI) have been given a consensus rating of “Buy” by the fifteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $271.21.

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Mercadolibre in a research note on Wednesday, October 4th. Goldman Sachs Group reiterated a “neutral” rating and issued a $215.00 target price on shares of Mercadolibre in a research report on Tuesday, October 3rd. Credit Suisse Group boosted their target price on Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Vetr upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating and set a $316.69 target price on the stock in a research report on Monday, August 7th. Finally, Barclays reiterated an “overweight” rating and issued a $275.00 target price (down from $290.00) on shares of Mercadolibre in a research report on Friday, August 4th.

In related news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were acquired at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $2,744,700. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new stake in Mercadolibre during the third quarter valued at approximately $104,000. Smithfield Trust Co. raised its position in Mercadolibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after purchasing an additional 410 shares during the period. Toronto Dominion Bank raised its position in Mercadolibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after purchasing an additional 80 shares during the period. Pacer Advisors Inc. purchased a new stake in Mercadolibre during the second quarter valued at approximately $146,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Mercadolibre during the second quarter valued at approximately $198,000. Institutional investors and hedge funds own 89.63% of the company’s stock.

Mercadolibre (NASDAQ MELI) opened at $267.70 on Thursday. The firm has a market capitalization of $11,915.42, a PE ratio of 77.10, a PEG ratio of 4.45 and a beta of 2.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. Mercadolibre has a one year low of $148.98 and a one year high of $297.95.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The firm had revenue of $370.66 million during the quarter, compared to analyst estimates of $347.29 million. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The business’s quarterly revenue was up 60.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. research analysts forecast that Mercadolibre will post 2.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Mercadolibre’s dividend payout ratio (DPR) is presently 19.93%.

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Mercadolibre Company Profile

MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

Analyst Recommendations for Mercadolibre (NASDAQ:MELI)

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