NASDAQ:MELI - Mercadolibre Stock Price, Forecast & News

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

Mercadolibre Inc (NASDAQ:MELI) announced its quarterly earnings data on Monday, February, 10th. The company reported ($1.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by $0.56. The firm earned $674.20 million during the quarter, compared to analysts' expectations of $666.97 million. Mercadolibre had a negative net margin of 7.49% and a negative return on equity of 3.44%. The company's revenue for the quarter was up 57.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. View Mercadolibre's Earnings History.

Mercadolibre is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Mercadolibre.

20 equities research analysts have issued twelve-month target prices for Mercadolibre's shares. Their forecasts range from $520.00 to $820.00. On average, they anticipate Mercadolibre's stock price to reach $703.89 in the next twelve months. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Mercadolibre.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 1 sell rating, 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercadolibre.

Headlines about MELI stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercadolibre earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Mercadolibre.

Mercadolibre saw a increase in short interest in January. As of January 31st, there was short interest totalling 1,850,000 shares, an increase of 28.5% from the January 15th total of 1,440,000 shares. Based on an average trading volume of 488,300 shares, the days-to-cover ratio is presently 3.8 days. Currently, 4.1% of the company's shares are sold short. View Mercadolibre's Current Options Chain.

Some companies that are related to Mercadolibre include Paypal (PYPL), Accenture (ACN), Fidelity National Information Servcs (FIS), Global Payments (GPN), NetEase (NTES), Worldpay (WP), Pinduoduo (PDD), eBay (EBAY), FleetCor Technologies (FLT), Msci (MSCI), CoStar Group (CSGP), Total System Services (TSS), Ctrip.Com International (CTRP), Trip.com Group (TCOM) and Akamai Technologies (AKAM).

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

Mercadolibre's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (8.86%), Capital Research Global Investors (7.29%), Capital World Investors (4.48%), Jennison Associates LLC (1.15%), Schroder Investment Management Group (0.89%) and Sumitomo Mitsui Trust Holdings Inc. (0.87%). 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 Baillie Gifford & Co., Renaissance Technologies LLC, Zevenbergen Capital Investments LLC, Dynamo Internacional Gestao DE Recursos LTDA., PNC Financial Services Group Inc., DAVENPORT & Co LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp and Graticule Asia Macro Advisors LLC. View Insider Buying and Selling for Mercadolibre.

MELI stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Schroder Investment Management Group, Capital World Investors, Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., ARK Investment Management LLC and Echo Street Capital Management LLC. 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 $742.59.

Mercadolibre has a market capitalization of $36.91 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 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]