MercadoLibre (NASDAQ:MELI - Free Report) had its price objective reduced by UBS Group from $1,900.00 to $1,800.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.
Several other equities analysts have also weighed in on the stock. Citigroup reduced their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a buy rating for the company in a research report on Wednesday, March 27th. Susquehanna upped 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. Wedbush reissued an outperform rating and issued a $2,000.00 price target on shares of MercadoLibre in a report on Tuesday, March 5th. Barclays lowered their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an overweight rating on the stock in a report on Wednesday, April 3rd. Finally, StockNews.com lowered shares of MercadoLibre from a buy rating to a hold rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $1,813.85.
Read Our Latest Analysis on MercadoLibre
MercadoLibre Price Performance
Shares of NASDAQ MELI traded down $27.61 on Wednesday, hitting $1,370.25. The company's stock had a trading volume of 391,020 shares, compared to its average volume of 387,199. The stock has a 50 day moving average of $1,567.55 and a 200-day moving average of $1,522.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. The company has a market capitalization of $69.47 billion, a price-to-earnings ratio of 70.13, a price-to-earnings-growth ratio of 0.90 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 - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter last year, the company posted $3.25 earnings per share. MercadoLibre's revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, research analysts predict that MercadoLibre will post 35.77 EPS for the current year.
Institutional Trading of MercadoLibre
A number of large investors have recently bought and sold shares of the business. Morgan Stanley increased its stake in MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company's stock worth $3,243,832,000 after purchasing an additional 236,744 shares in the last quarter. Jennison Associates LLC grew its stake in shares of MercadoLibre by 1.3% in the third quarter. Jennison Associates LLC now owns 2,233,430 shares of the company's stock valued at $2,831,721,000 after buying an additional 28,095 shares in the last quarter. WCM Investment Management LLC lifted its holdings in MercadoLibre by 74.8% during the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company's stock valued at $1,838,964,000 after purchasing an additional 497,535 shares during the last quarter. Capital International Investors lifted its holdings in MercadoLibre by 0.4% during the 4th quarter. Capital International Investors now owns 1,037,070 shares of the company's stock valued at $1,630,740,000 after purchasing an additional 4,317 shares during the last quarter. Finally, Capital World Investors lifted its holdings in MercadoLibre by 13.3% during the 4th 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 during the last quarter. 87.62% of the stock is owned by institutional investors.
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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