Wedbush Analysts Lift Earnings Estimates for MercadoLibre

MercadoLibre, Inc. (NASDAQ:MELI - Free Report) - Equities research analysts at Wedbush upped their Q1 2025 EPS estimates for shares of MercadoLibre in a note issued to investors on Tuesday, April 15th. Wedbush analyst S. Devitt now forecasts that the company will earn $7.51 per share for the quarter, up from their previous estimate of $7.06. Wedbush has a "Outperform" rating and a $2,100.00 price objective on the stock. The consensus estimate for MercadoLibre's current full-year earnings is $43.96 per share. Wedbush also issued estimates for MercadoLibre's Q4 2025 earnings at $13.42 EPS.

Other research analysts have also recently issued reports about the stock. Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Benchmark began coverage on MercadoLibre in a research note on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 price objective for the company. Cantor Fitzgerald cut their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Finally, Susquehanna lifted their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of "Buy" and a consensus target price of $2,415.94.

MercadoLibre Stock Down 1.8 %

MELI traded down $38.17 during trading on Wednesday, reaching $2,061.20. The stock had a trading volume of 82,587 shares, compared to its average volume of 385,324. MercadoLibre has a one year low of $1,324.99 and a one year high of $2,374.54. The company has a market capitalization of $104.50 billion, a price-to-earnings ratio of 54.67, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average is $2,043.29 and its two-hundred day moving average is $1,960.06.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion.

Institutional Investors Weigh In On MercadoLibre

A number of hedge funds have recently made changes to their positions in the stock. Grandview Asset Management LLC purchased a new position in shares of MercadoLibre in the 1st quarter worth approximately $217,000. Dunhill Financial LLC increased its position in shares of MercadoLibre by 140.0% during the first quarter. Dunhill Financial LLC now owns 24 shares of the company's stock worth $47,000 after purchasing an additional 14 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of MercadoLibre by 6.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 300 shares of the company's stock valued at $582,000 after purchasing an additional 17 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new position in MercadoLibre during the 1st quarter worth $892,000. Finally, Bender Robert & Associates increased its position in MercadoLibre by 2.8% during the 1st quarter. Bender Robert & Associates now owns 12,387 shares of the company's stock valued at $24,165,000 after buying an additional 337 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Company Profile

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.