Mercadolibre (MELI) Given New $330.00 Price Target at Piper Jaffray Companies
Mercadolibre (NASDAQ:MELI) had its price target upped by Piper Jaffray Companies from $268.00 to $330.00 in a report issued on Wednesday. Piper Jaffray Companies currently has an overweight rating on the stock.
Several other equities analysts have also issued reports on MELI. Stifel Nicolaus raised Mercadolibre from a hold rating to a buy rating and set a $275.00 price objective on the stock in a report on Friday, August 25th. Goldman Sachs Group reaffirmed a neutral rating and set a $215.00 price objective on shares of Mercadolibre in a report on Tuesday, October 3rd. Susquehanna Bancshares dropped their price objective on Mercadolibre from $275.00 to $230.00 in a report on Friday, October 13th. KeyCorp reaffirmed a buy rating and set a $290.00 price objective on shares of Mercadolibre in a report on Tuesday, October 17th. Finally, Barclays lowered their price target on Mercadolibre from $275.00 to $250.00 and set an overweight rating on the stock in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Mercadolibre presently has an average rating of Buy and a consensus price target of $275.98.
Mercadolibre (NASDAQ:MELI) traded up $23.82 during trading on Wednesday, reaching $318.94. The company’s stock had a trading volume of 1,739,600 shares, compared to its average volume of 650,513. Mercadolibre has a one year low of $150.29 and a one year high of $321.54. 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 $14,080.00, a PE ratio of 84.32, a PEG ratio of 4.87 and a beta of 2.05.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be given a $0.15 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.19%. Mercadolibre’s payout ratio is currently 19.93%.
In other news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of Mercadolibre stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of Mercadolibre by 18.4% during the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after purchasing an additional 80 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in shares of Mercadolibre by 0.9% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 18,750 shares of the company’s stock worth $4,704,000 after purchasing an additional 170 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Mercadolibre by 19.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,649 shares of the company’s stock worth $427,000 after purchasing an additional 267 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Mercadolibre by 1.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 14,271 shares of the company’s stock worth $3,695,000 after purchasing an additional 271 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Mercadolibre by 1.4% during the 3rd quarter. First Trust Advisors LP now owns 23,336 shares of the company’s stock worth $6,042,000 after purchasing an additional 331 shares during the last quarter. Institutional investors own 89.60% of the company’s stock.
WARNING: “Mercadolibre (MELI) Given New $330.00 Price Target at Piper Jaffray Companies” was posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/mercadolibre-meli-given-new-330-00-price-target-at-piper-jaffray-companies/1764261.html.
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).
Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.