NASDAQ:MELIMercadolibre Stock Price, Forecast & News

Mercadolibre's stock was trading at $550.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MELI stock has increased by 50.2% and is now trading at $827.16. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 6 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Mercadolibre.

Mercadolibre is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Mercadolibre.

Mercadolibre Inc (NASDAQ:MELI) issued its quarterly earnings data on Tuesday, May, 5th. The company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.48) by $0.04. The business had revenue of $652.09 million for the quarter, compared to analysts' expectations of $609.27 million. Mercadolibre had a negative return on equity of 5.29% and a negative net margin of 8.28%. The company's quarterly revenue was up 37.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. View Mercadolibre's earnings history.

20 Wall Street analysts have issued 12 month price targets for Mercadolibre's stock. Their forecasts range from $548.00 to $1,000.00. On average, they anticipate Mercadolibre's share price to reach $727.47 in the next year. This suggests that the stock has a possible downside of 12.1%. View analysts' price targets for Mercadolibre.

News stories about MELI stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mercadolibre earned a news impact score of -1.8 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMercadolibre.

Mercadolibre saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,590,000 shares, an increase of 16.9% from the April 15th total of 1,360,000 shares. Based on an average trading volume of 733,800 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.6% of the shares of the company are short sold. View Mercadolibre's Current Options Chain.

Some companies that are related to Mercadolibre include Accenture (ACN), Fidelity National Information Servcs (FIS), Pinduoduo (PDD), Global Payments (GPN), NetEase (NTES), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Broadridge Financial Solutions (BR), Zillow Group (ZG) and Zillow Group (Z). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercadolibre investors own include Alibaba Group (BABA), NVIDIA (NVDA), Shopify (SHOP), Netflix (NFLX), Tesla (TSLA), Intuitive Surgical (ISRG), Walt Disney (DIS), Companhia de Saneamento Bsc DEDSP (SBS), Alphabet (GOOG) and Trade Desk (TTD).

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

Mercadolibre's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (9.32%), Capital Research Global Investors (7.61%), Capital World Investors (4.70%), WCM Investment Management LLC (4.16%), Schroder Investment Management Group (1.40%) and Capital International Investors (1.18%). 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 Morgan Stanley, Morgan Stanley, Viking Global Investors LP, Squadra Investments Gestao DE Recursos LTDA., Two Sigma Advisers LP, Janus Henderson Group PLC, Fred Alger Management LLC, and Clearbridge Investments LLC. View insider buying and selling activity for Mercadolibre.

MELI stock was purchased by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, Capital International Investors, Schroder Investment Management Group, Baillie Gifford & Co., Fisher Asset Management LLC, RWC Asset Advisors US LLC, Capital Research Global Investors, and Verde Servicos Internacionais S.A.. Company insiders that have bought Mercadolibre stock in the last two years include Emiliano Calemzuk, and Meyer Malka. View insider buying and selling activity 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 $827.16.

Mercadolibre has a market capitalization of $41.12 billion and generates $2.30 billion in revenue each year. The company earns $-172,000,000.00 in net income (profit) each year or ($1.68) on an earnings per share basis. Mercadolibre employs 3,492 workers across the globe.

The official website for Mercadolibre is 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]