Shares of Mercadolibre Inc (NASDAQ:MELI) have earned an average recommendation of “Buy” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $307.58.
MELI has been the subject of a number of recent research reports. BidaskClub downgraded Mercadolibre from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target for the company in a research note on Wednesday, January 31st. Deutsche Bank set a $335.00 price target on Mercadolibre and gave the stock a “hold” rating in a research note on Thursday, January 4th. Barclays cut their price target on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. Finally, Citigroup downgraded Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a research note on Wednesday, December 20th.
Shares of Mercadolibre (MELI) opened at $353.45 on Tuesday. Mercadolibre has a one year low of $190.07 and a one year high of $395.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. The firm has a market capitalization of $14,830.69, a PE ratio of 117.43, a PEG ratio of 4.40 and a beta of 2.15.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its holdings in Mercadolibre by 18.4% in the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after buying an additional 80 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in Mercadolibre by 2.2% in the 4th quarter. Eqis Capital Management Inc. now owns 7,065 shares of the company’s stock valued at $2,223,000 after buying an additional 153 shares during the last quarter. Parametrica Management Ltd grew its holdings in Mercadolibre by 17.9% in the 4th quarter. Parametrica Management Ltd now owns 1,214 shares of the company’s stock valued at $382,000 after buying an additional 184 shares during the last quarter. Dumac Inc. grew its holdings in Mercadolibre by 105.6% in the 4th quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after buying an additional 190 shares during the last quarter. Finally, Pier 88 Investment Partners LLC grew its holdings in Mercadolibre by 10.7% in the 4th quarter. Pier 88 Investment Partners LLC now owns 2,020 shares of the company’s stock valued at $636,000 after buying an additional 195 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.
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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).
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