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

Shares of MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2,645.94.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Barclays increased their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a research report on Monday, June 2nd. Finally, Susquehanna reissued a "positive" rating and set a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,507.03 on Monday. The firm has a market cap of $127.11 billion, a price-to-earnings ratio of 61.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. MercadoLibre has a 12-month low of $1,579.78 and a 12-month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The company's 50-day moving average is $2,469.05 and its two-hundred day moving average is $2,139.17.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The company's revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.78 EPS. Research analysts expect that MercadoLibre will post 43.96 EPS for the current year.

Institutional Trading of MercadoLibre

Institutional investors have recently added to or reduced their stakes in the stock. Key Financial Inc acquired a new position in MercadoLibre in the first quarter worth $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre in the first quarter worth $25,000. Park Square Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter valued at $26,000. Covestor Ltd bought a new stake in MercadoLibre in the fourth quarter valued at $27,000. Finally, Close Asset Management Ltd lifted its stake in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

About MercadoLibre

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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