NASDAQ:MELIMercadolibre Stock Price, Forecast & News

Mercadolibre's stock was trading at $550.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MELI shares have increased by 122.5% and is now trading at $1,225.45.
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20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Mercadolibre is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020.
View our earnings forecast for Mercadolibre.

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 firm earned $652.09 million during the quarter, compared to the consensus estimate of $609.27 million. Mercadolibre had a negative return on equity of 5.29% and a negative net margin of 8.28%. The business's quarterly revenue was up 37.6% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share.
View Mercadolibre's earnings history.

20 analysts have issued twelve-month price targets for Mercadolibre's stock. Their forecasts range from $548.00 to $1,255.00. On average, they expect Mercadolibre's share price to reach $826.42 in the next twelve months. This suggests that the stock has a possible downside of 32.6%.
View analysts' price targets for Mercadolibre.

News coverage about MELI stock has been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive 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 nearest to five being the most favorable. Mercadolibre earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
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 short sold.
View Mercadolibre's Current Options Chain.

Some companies that are related to Mercadolibre include Paypal (PYPL), Accenture (ACN), Pinduoduo (PDD), Fidelity National Information Servcs (FIS), NetEase (NTES), Global Payments (GPN), eBay (EBAY), CoStar Group (CSGP), Msci (MSCI), FleetCor Technologies (FLT), Akamai Technologies (AKAM), Etsy (ETSY), Broadridge Financial Solutions (BR), Trip.com Group (TCOM) and Ctrip.Com International (CTRP).
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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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.83%), Swiss National Bank (0.36%), Robeco Institutional Asset Management B.V. (0.31%), Russell Investments Group Ltd. (0.26%), Assenagon Asset Management S.A. (0.22%) and Heritage Wealth Advisors (0.18%). 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., Banco Santander S.A., Ardevora Asset Management LLP, Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Howland Capital Management LLC, Global Thematic Partners LLC, and Prudential PLC.
View insider buying and selling activity for Mercadolibre.

MELI stock was acquired by a variety of institutional investors in the last quarter, including Heritage Wealth Advisors, Assenagon Asset Management S.A., Principal Financial Group Inc., Robeco Institutional Asset Management B.V., Candriam Luxembourg S.C.A., Russell Investments Group Ltd., MERIAN GLOBAL INVESTORS UK Ltd, and DNB Asset Management AS. 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 $1,225.45.

Mercadolibre has a market capitalization of $60.92 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]