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 results on Thursday, October, 31st. The company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by $2.97. The company 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 firm's quarterly revenue was up 69.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.23) earnings per share. 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 analysts have issued 1-year target prices for Mercadolibre's stock. 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.

News stories about MELI stock have been trending negative on Saturday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 -2.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Mercadolibre.

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

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

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

Mercadolibre's stock is owned by a variety of of institutional and retail 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]