MercadoLibre, Inc. (NASDAQ:MELI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $2,255.3333.

Several brokerages have issued reports on MELI. Raymond James Financial set a $2,000.00 price target on MercadoLibre in a report on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. BTIG Research cut their price target on MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd.

Insider Transactions at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre in the second quarter valued at approximately $29,000. Laurel Wealth Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $28,000. Finally, Curio Wealth LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $30,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 2.9%

Shares of NASDAQ:MELI opened at $1,696.17 on Thursday. The business’s 50 day simple moving average is $1,720.07 and its two-hundred day simple moving average is $1,906.83. The firm has a market cap of $86.00 billion, a P/E ratio of 44.77, a PEG ratio of 1.02 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. MercadoLibre has a 52-week low of $1,495.00 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.74 EPS. As a group, research analysts forecast that MercadoLibre will post 40.97 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.