NASDAQ:MELI - Mercadolibre Stock Price, Forecast & News

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

Mercadolibre Inc (NASDAQ:MELI) issued its quarterly earnings data on Thursday, October, 31st. The company reported ($2.96) earnings per share for the quarter, missing the consensus estimate of $0.01 by $2.97. The business earned $603.03 million during the quarter, compared to the consensus estimate of $588.23 million. Mercadolibre had a negative return on equity of 1.29% and a negative net margin of 5.87%. The business's revenue for the quarter was up 69.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. 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.

17 brokerages have issued twelve-month price objectives for Mercadolibre's shares. Their forecasts range from $340.00 to $800.00. On average, they anticipate Mercadolibre's share price to reach $660.50 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. View Analyst Price Targets for Mercadolibre.

17 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 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercadolibre.

Media stories about MELI stock have trended very negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercadolibre earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines 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 stock's share price in the near term. View News Stories for Mercadolibre.

Mercadolibre saw a drop in short interest in December. As of December 31st, there was short interest totalling 1,440,000 shares, a drop of 33.6% from the December 15th total of 2,170,000 shares. Based on an average trading volume of 470,800 shares, the short-interest ratio is currently 3.1 days. Currently, 3.2% of the company's stock are sold short. View Mercadolibre's Current Options Chain.

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

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), Alphabet (GOOG), Shopify (SHOP), Netflix (NFLX), Baidu (BIDU), Vertex Pharmaceuticals (VRTX), Intuitive Surgical (ISRG) and Walt Disney (DIS).

Mercadolibre's stock is owned by a number of of retail and institutional investors. Top institutional investors include Verde Servicos Internacionais S.A. (0.23%), BW Gestao de Investimentos Ltda. (0.07%), DNB Asset Management AS (0.04%), IFM Investors Pty Ltd (0.01%), Gateway Investment Advisers LLC (0.01%) and B & T Capital Management DBA Alpha Capital Management (0.01%). 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 Gateway Investment Advisers LLC, B & T Capital Management DBA Alpha Capital Management, IFM Investors Pty Ltd, Alpha Cubed Investments LLC and Henry James International Management Inc.. View Insider Buying and Selling for Mercadolibre.

MELI stock was purchased by a variety of institutional investors in the last quarter, including BW Gestao de Investimentos Ltda., DNB Asset Management AS, Verde Servicos Internacionais S.A., Sciencast Management LP, AE Wealth Management LLC, Paragon Advisors LLC, Allred Capital Management LLC and Wedbush Securities Inc.. 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 $673.01.

Mercadolibre has a market capitalization of $33.46 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]