Mercadolibre (NASDAQ:MELI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.
Several other equities research analysts have also recently issued reports on the stock. Susquehanna Bancshares decreased their price objective on shares of Mercadolibre from $275.00 to $230.00 in a research report on Friday, October 13th. Zacks Investment Research raised shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target for the company in a research report on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $415.00 price target (up from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Piper Jaffray Companies reissued a “buy” rating and issued a $268.00 price target on shares of Mercadolibre in a research report on Monday, October 23rd. Finally, KeyCorp reissued a “buy” rating and issued a $290.00 price target on shares of Mercadolibre in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mercadolibre presently has a consensus rating of “Buy” and a consensus target price of $307.58.
Mercadolibre (NASDAQ MELI) traded down $9.45 during trading hours on Thursday, hitting $335.86. 1,575,995 shares of the company’s stock traded hands, compared to its average volume of 597,061. The firm has a market capitalization of $14,830.00, a P/E ratio of 111.58, a price-to-earnings-growth ratio of 4.40 and a beta of 2.15. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. Mercadolibre has a fifty-two week low of $190.07 and a fifty-two week high of $395.67.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Suntrust Banks Inc. acquired a new position in Mercadolibre during the fourth quarter worth about $284,000. Timber Hill LLC grew its position in Mercadolibre by 166.7% during the fourth quarter. Timber Hill LLC now owns 2,707 shares of the company’s stock worth $852,000 after buying an additional 1,692 shares during the period. Virtu Financial LLC grew its position in Mercadolibre by 26.9% during the fourth quarter. Virtu Financial LLC now owns 8,595 shares of the company’s stock worth $2,705,000 after buying an additional 1,821 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Mercadolibre by 463.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,060 shares of the company’s stock valued at $334,000 after purchasing an additional 872 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Mercadolibre by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 109,592 shares of the company’s stock valued at $34,484,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 89.61% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Mercadolibre (MELI) Stock Rating Lowered by BidaskClub” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/11/mercadolibre-meli-stock-rating-lowered-by-bidaskclub.html.
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).
Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.