MercadoLibre, Inc. (NASDAQ:MELI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $2,521.33.

Several brokerages recently commented on MELI. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Friday. Barclays lifted their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Benchmark downgraded shares of MercadoLibre from a “buy” rating to a “cautious” rating in a report on Thursday, May 1st. The Goldman Sachs Group lifted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a report on Thursday, May 1st.

MercadoLibre Stock Down 0.1%

MercadoLibre stock opened at $2,584.92 on Friday. The company has a market capitalization of $131.05 billion, a P/E ratio of 68.57, a P/E/G ratio of 1.12 and a beta of 1.61. MercadoLibre has a 1-year low of $1,550.00 and a 1-year high of $2,610.30. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm’s fifty day simple moving average is $2,135.04 and its 200-day simple moving average is $1,999.73.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.78 EPS. Sell-side analysts forecast that MercadoLibre will post 43.96 earnings per share for the current fiscal year.

Institutional Trading of MercadoLibre

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Key Financial Inc bought a new stake in MercadoLibre in the first quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in MercadoLibre in the first quarter valued at about $25,000. Close Asset Management Ltd increased its stake in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares during the period. Human Investing LLC bought a new stake in MercadoLibre in the fourth quarter valued at about $26,000. Finally, Park Square Financial Group LLC bought a new stake in MercadoLibre during the fourth quarter worth about $26,000. Institutional investors own 87.62% of the company’s stock.

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.