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 shares have increased by 76.4% and is now trading at $971.63. 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 Thursday, July 30th 2020. View our earnings forecast for Mercadolibre.

Mercadolibre will be holding an earnings conference call on Thursday, July 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Mercadolibre Inc (NASDAQ:MELI) issued its earnings results on Tuesday, May, 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.48) by $0.04. The company earned $652.09 million during 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 firm's revenue for the quarter was up 37.6% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. View Mercadolibre's earnings history.

20 brokers have issued 12-month target prices for Mercadolibre's stock. Their forecasts range from $548.00 to $1,100.00. On average, they anticipate Mercadolibre's stock price to reach $771.16 in the next twelve months. This suggests that the stock has a possible downside of 20.6%. View analysts' price targets for Mercadolibre.

Press coverage about MELI stock has trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. 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 media sentiment score of -4.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the company's share price in the next few days. View the latest news about Mercadolibre.

Mercadolibre saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,620,000 shares, an increase of 13.3% from the June 15th total of 1,430,000 shares. Based on an average daily volume of 608,400 shares, the short-interest ratio is currently 2.7 days. Currently, 3.7% of the company's shares are sold short. View Mercadolibre's Current Options Chain.

Some companies that are related to Mercadolibre include Accenture (ACN), Pinduoduo (PDD), Fidelity National Information Servcs (FIS), NetEase (NTES), Global Payments (GPN), eBay (EBAY), Msci (MSCI), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR), Trip.com Group (TCOM), Ctrip.Com International (CTRP), Zillow Group (Z) and Zillow Group (ZG). 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 number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.12%), Verde Servicos Internacionais S.A. (0.03%), Howland Capital Management LLC (0.03%), MERIAN GLOBAL INVESTORS UK Ltd (0.02%), DNB Asset Management AS (0.02%) and Gateway Investment Advisers LLC (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 Verde Servicos Internacionais S.A., Howland Capital Management LLC, IFM Investors Pty Ltd, Gradient Investments LLC, Veracity Capital LLC, Confluence Investment Management LLC, Bogart Wealth LLC, and Investment House LLC. View insider buying and selling activity for Mercadolibre.

MELI stock was bought by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, DNB Asset Management AS, Envestnet Asset Management Inc., Teamwork Financial Advisors LLC, Paragon Advisors LLC, Harel Insurance Investments & Financial Services Ltd., Foresight Wealth Management LLC, and Park National Corp OH. 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 $971.63.

Mercadolibre has a market capitalization of $48.30 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]