NASDAQ:MELIMercadolibre Stock Price, Forecast & News

Mercadolibre's stock was trading at $550.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MELI stock has increased by 76.2% and is now trading at $970.50. 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 quarterly earnings results on Tuesday, May, 5th. The company reported ($0.44) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.48) by $0.04. The business had revenue of $652.09 million for the quarter, compared to the consensus estimate of $609.27 million. Mercadolibre had a negative net margin of 8.28% and a negative return on equity of 5.29%. Mercadolibre's revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. View Mercadolibre's earnings history.

20 Wall Street analysts have issued twelve-month target prices for Mercadolibre's stock. Their forecasts range from $548.00 to $1,100.00. On average, they expect Mercadolibre's share price to reach $771.16 in the next twelve months. This suggests that the stock has a possible downside of 20.5%. View analysts' price targets for Mercadolibre.

News coverage about MELI stock has trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercadolibre earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Mercadolibre.

Mercadolibre saw a increase in short interest in 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 trading volume of 608,400 shares, the days-to-cover ratio is currently 2.7 days. Approximately 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), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Broadridge Financial Solutions (BR), Etsy (ETSY) 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 many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.12%), Verde Servicos Internacionais S.A. (0.03%), MERIAN GLOBAL INVESTORS UK Ltd (0.02%), DNB Asset Management AS (0.02%), Mount Yale Investment Advisors LLC (0.01%) and Teamwork Financial Advisors 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., IFM Investors Pty Ltd, Gradient Investments LLC, Veracity Capital LLC, Confluence Investment Management LLC, Bogart Wealth LLC, Investment House LLC, and Alpha Cubed Investments LLC. View insider buying and selling activity for Mercadolibre.

MELI stock was acquired 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., Park National Corp OH, and Forte Capital LLC ADV. 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 $970.50.

Mercadolibre has a market capitalization of $48.24 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]