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 results 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 had revenue of $674.20 million for the quarter, compared to the consensus estimate of $666.97 million. Mercadolibre had a negative return on equity of 3.44% and a negative net margin of 7.49%. The company's revenue for the quarter was up 57.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. 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 analysts have issued 1-year price objectives for Mercadolibre's stock. Their forecasts range from $520.00 to $820.00. On average, they expect Mercadolibre's share price to reach $698.63 in the next year. This suggests that the stock has a possible downside of 4.9%. 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 extremely negative recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercadolibre earned a news impact score of -5.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Mercadolibre.

Mercadolibre saw a increase in short interest in the month of 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 daily volume of 488,300 shares, the short-interest ratio is currently 3.8 days. Approximately 4.1% of the company's shares are short sold. 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), Vertex Pharmaceuticals (VRTX), Walt Disney (DIS) and Intuitive Surgical (ISRG).

Mercadolibre's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (8.86%), Jennison Associates LLC (1.15%), Schroder Investment Management Group (0.89%), Sumitomo Mitsui Trust Holdings Inc. (0.87%), Dynamo Internacional Gestao DE Recursos LTDA. (0.83%) and Sands Capital Management LLC (0.73%). 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 acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., ARK Investment Management LLC, Echo Street Capital Management LLC, Artisan Partners Limited Partnership and Compass Group 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 $735.01.

Mercadolibre has a market capitalization of $36.54 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]