NASDAQ:MELI - Mercadolibre Stock Price, Forecast & News

Mercadolibre trades on the NASDAQ under the ticker symbol "MELI."

Mercadolibre Inc (NASDAQ:MELI) announced its earnings results on Thursday, October, 31st. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by $2.97. The company had revenue of $603.03 million for the quarter, compared to analyst estimates of $588.23 million. Mercadolibre had a negative return on equity of 1.29% and a negative net margin of 5.87%. The firm's revenue for the quarter was up 69.7% on a year-over-year basis. During the same period last year, the firm earned ($0.23) earnings per share. View Mercadolibre's Earnings History.

Mercadolibre is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Mercadolibre.

16 brokerages have issued 1 year price targets for Mercadolibre's shares. Their forecasts range from $340.00 to $800.00. On average, they expect Mercadolibre's share price to reach $657.20 in the next year. This suggests a possible upside of 12.7% from the stock's current price. View Analyst Price Targets for Mercadolibre.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 1 sell rating, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercadolibre.

Media coverage about MELI stock has trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercadolibre earned a coverage optimism score of -3.7 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Mercadolibre.

Some companies that are related to Mercadolibre include Fidelity National Information Servcs (FIS), Global Payments (GPN), Worldpay (WP), Pinduoduo (PDD), NetEase (NTES), eBay (EBAY), FleetCor Technologies (FLT), Total System Services (TSS), Msci (MSCI), CoStar Group (CSGP), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), LYFT (LYFT) and The Western Union (WU).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercadolibre investors own include Alibaba Group (BABA), Companhia de Saneamento Bsc DEDSP (SBS), NVIDIA (NVDA), Alphabet (GOOG), Baidu (BIDU), Netflix (NFLX), Shopify (SHOP), Vertex Pharmaceuticals (VRTX), Starbucks (SBUX) and Walt Disney (DIS).

Mercadolibre's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Generation Investment Management LLP (1.40%), Sumitomo Mitsui Trust Holdings Inc. (0.68%), WCM Investment Management LLC (0.68%), Jericho Capital Asset Management L.P. (0.57%), Nikko Asset Management Americas Inc. (0.39%) and Robeco Institutional Asset Management B.V. (0.24%). Company insiders that own Mercadolibre stock include Emiliano Calemzuk and Meyer Malka. View Institutional Ownership Trends for Mercadolibre.

MELI stock was sold by a variety of institutional investors in the last quarter, including Generation Investment Management LLP, Millennium Management LLC, Ardevora Asset Management LLP, Worldquant Millennium Advisors LLC, Assenagon Asset Management S.A., Coronation Fund Managers Ltd., Pictet Asset Management Ltd. and PointState Capital LP. View Insider Buying and Selling for Mercadolibre.

MELI stock was purchased by a variety of institutional investors in the last quarter, including Verde Servicos Internacionais S.A., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., SPX Equities Gestao de Recursos Ltda, WCM Investment Management LLC, State of New Jersey Common Pension Fund D, California Public Employees Retirement System and Sloane Robinson LLP. Company insiders that have bought Mercadolibre stock in the last two years include Emiliano Calemzuk and Meyer Malka. View Insider Buying and Selling for Mercadolibre.

Shares of MELI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MELI stock can currently be purchased for approximately $583.00.

Mercadolibre has a market capitalization of $28.98 billion and generates $1.44 billion in revenue each year. The company earns $-36,580,000.00 in net income (profit) each year or ($0.82) on an earnings per share basis. Mercadolibre employs 2,409 workers across the globe.View Additional Information About Mercadolibre.

The official website for Mercadolibre is http://www.mercadolibre.com/.

Mercadolibre's mailing address is ARIAS 3751 7TH FLOOR, BUENOS AIRES C1, C1430CRG. The company can be reached via phone at 54-11-4640-8000 or via email at [email protected]