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

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $1,806.15.

MELI has been the subject of a number of research analyst reports. StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Susquehanna lifted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Citigroup decreased their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Finally, Barclays reduced their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $1,444.14 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $1,594.55 and a 200-day moving average price of $1,519.20. The company has a market cap of $73.22 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. MercadoLibre has a 12 month low of $1,063.02 and a 12 month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.25 EPS. As a group, equities analysts anticipate that MercadoLibre will post 35.89 EPS for the current year.

Hedge Funds Weigh In On MercadoLibre

Hedge funds have recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after buying an additional 236,744 shares during the last quarter. Jennison Associates LLC boosted its stake in MercadoLibre by 1.3% during the 3rd quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock valued at $2,831,721,000 after purchasing an additional 28,095 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of MercadoLibre by 74.8% in the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after purchasing an additional 497,535 shares in the last quarter. Capital International Investors raised its stake in shares of MercadoLibre by 0.4% in the fourth quarter. Capital International Investors now owns 1,037,070 shares of the company’s stock worth $1,630,740,000 after purchasing an additional 4,317 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of MercadoLibre by 13.3% during the fourth quarter. Capital World Investors now owns 750,720 shares of the company’s stock valued at $1,179,787,000 after purchasing an additional 88,359 shares in the last quarter. 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.