MercadoLibre, Inc. (NASDAQ:MELI) Receives $2,842.94 Consensus Target Price from Analysts

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2,842.9412.

A number of research firms have recently commented on MELI. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. BTIG Research reaffirmed a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Thursday, December 4th. Barclays boosted their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th.

MercadoLibre Stock Down 0.3%

Shares of NASDAQ:MELI opened at $2,014.26 on Monday. The firm has a 50 day simple moving average of $2,083.10 and a 200-day simple moving average of $2,268.41. MercadoLibre has a twelve month low of $1,698.53 and a twelve month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $102.12 billion, a PE ratio of 49.15, a P/E/G ratio of 1.51 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The company had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same period last year, the business earned $7.83 earnings per share. The company’s quarterly revenue was up 39.5% on a year-over-year basis. On average, equities analysts predict that MercadoLibre will post 43.96 EPS for the current fiscal year.

Insider Buying and Selling at MercadoLibre

In other news, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bison Wealth LLC purchased a new position in MercadoLibre in the 4th quarter valued at $206,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of MercadoLibre in the 1st quarter worth $242,000. Twin Tree Management LP acquired a new stake in shares of MercadoLibre in the 1st quarter worth $29,000. Saudi Central Bank purchased a new stake in shares of MercadoLibre in the first quarter valued at about $35,000. Finally, Quarry LP acquired a new position in shares of MercadoLibre during the first quarter worth about $98,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

About MercadoLibre

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.