NASDAQ:MELI - Mercadolibre 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 decreased by 14.1% and is now trading at $473.29. View which stocks have been mosted impacted by Coronavirus.

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.

Mercadolibre is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Mercadolibre.

Mercadolibre Inc (NASDAQ:MELI) posted its quarterly earnings data on Monday, February, 10th. The company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by $0.56. The company had revenue of $674.20 million for the quarter, compared to analysts' expectations of $666.97 million. Mercadolibre had a negative return on equity of 3.50% and a negative net margin of 7.49%. The business's revenue for the quarter was up 57.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. View Mercadolibre's earnings history.

20 brokerages have issued twelve-month target prices for Mercadolibre's shares. Their forecasts range from $520.00 to $820.00. On average, they expect Mercadolibre's share price to reach $706.53 in the next year. This suggests a possible upside of 49.3% from the stock's current price. View analysts' price targets for Mercadolibre.

News headlines about MELI stock have trended negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news 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 -5 to 5, with scores nearest to five being the most favorable. Mercadolibre earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutMercadolibre.

Mercadolibre saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,686,900 shares, an increase of 5.4% from the February 27th total of 1,600,000 shares. Based on an average daily volume of 660,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.9% of the company's shares 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), Pinduoduo (PDD), NetEase (NTES), Msci (MSCI), eBay (EBAY), Total System Services (TSS), CoStar Group (CSGP), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Broadridge Financial Solutions (BR), Fair Isaac (FICO) 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), Shopify (SHOP), Netflix (NFLX), Alphabet (GOOG), Baidu (BIDU), Walt Disney (DIS), Tesla (TSLA) and Vertex Pharmaceuticals (VRTX).

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 shareholders include Baillie Gifford & Co. (8.86%), Capital Research Global Investors (7.29%), Capital World Investors (4.48%), Jennison Associates LLC (1.15%), Norges Bank (0.95%) and Schroder Investment Management Group (0.89%). 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, 1832 Asset Management L.P., Zevenbergen Capital Investments LLC, Dynamo Internacional Gestao DE Recursos LTDA., PNC Financial Services Group Inc., DAVENPORT & Co LLC, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. View insider buying and selling activity for Mercadolibre.

MELI stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Norges Bank, Schroder Investment Management Group, Capital World Investors, Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., and ARK Investment 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 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 $473.29.

Mercadolibre has a market capitalization of $23.53 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. 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]