MercadoLibre, Inc. (NASDAQ:MELI - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for MercadoLibre in a research note issued on Thursday, May 8th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the company will post earnings per share of $48.27 for the year, up from their previous estimate of $46.58. Cantor Fitzgerald currently has a "Overweight" rating and a $2,400.00 price objective on the stock. The consensus estimate for MercadoLibre's current full-year earnings is $43.96 per share.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter last year, the business earned $6.78 earnings per share. The business's revenue was up 37.0% on a year-over-year basis.
Other research analysts also recently issued reports about the stock. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. StockNews.com raised shares of MercadoLibre from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and an average price target of $2,504.67.
Check Out Our Latest Stock Analysis on MercadoLibre
MercadoLibre Trading Up 0.4%
Shares of MercadoLibre stock traded up $10.51 on Monday, hitting $2,515.12. The stock had a trading volume of 361,279 shares, compared to its average volume of 382,365. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre has a one year low of $1,550.00 and a one year high of $2,560.59. The stock has a market cap of $127.51 billion, a price-to-earnings ratio of 66.71, a PEG ratio of 1.12 and a beta of 1.61. The stock's 50-day simple moving average is $2,089.82 and its two-hundred day simple moving average is $1,984.71.
Hedge Funds Weigh In On MercadoLibre
A number of hedge funds have recently bought and sold shares of the business. Key Financial Inc purchased a new stake in shares of MercadoLibre during the 1st quarter valued at about $25,000. GW&K Investment Management LLC purchased a new stake in shares of MercadoLibre during the 1st quarter valued at about $25,000. Human Investing LLC purchased a new stake in MercadoLibre in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new stake in MercadoLibre in the 4th quarter worth approximately $26,000. Finally, Pacific Capital Wealth Advisors Inc. increased its holdings in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.
About MercadoLibre
(
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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.
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