NASDAQ:MELI - Mercadolibre Stock Price, Forecast & News

Mercadolibre trades on the NASDAQ under the ticker symbol "MELI."

Mercadolibre Inc (NASDAQ:MELI) released its earnings results on Monday, February, 10th. The company reported ($1.11) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.55) by $0.56. The firm had revenue of $674.20 million for the quarter, compared to analyst estimates of $666.97 million. Mercadolibre had a negative return on equity of 3.44% and a negative net margin of 7.49%. The firm's revenue was up 57.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. View Mercadolibre's Earnings History.

Mercadolibre is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Mercadolibre.

20 brokerages have issued 12-month price objectives for Mercadolibre's shares. Their forecasts range from $520.00 to $820.00. On average, they anticipate Mercadolibre's share price to reach $698.63 in the next year. This suggests that the stock has a possible downside of 5.9%. View Analyst Price Targets for Mercadolibre.

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.

News coverage about MELI stock has trended extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. 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 news impact score of -4.6 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Mercadolibre.

Mercadolibre saw a increase in short interest in January. As of January 31st, there was short interest totalling 1,850,000 shares, an increase of 28.5% from the January 15th total of 1,440,000 shares. Based on an average daily trading volume, of 488,300 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.1% of the company's stock are short sold. View Mercadolibre's Current Options Chain.

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

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

Mercadolibre's stock is owned by many different of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (8.86%), Capital Research Global Investors (7.29%), Capital World Investors (4.48%), Jennison Associates LLC (1.15%), Schroder Investment Management Group (0.89%) and Sumitomo Mitsui Trust Holdings Inc. (0.87%). 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, Zevenbergen Capital Investments LLC, Dynamo Internacional Gestao DE Recursos LTDA., PNC Financial Services Group Inc., DAVENPORT & Co LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp and Graticule Asia Macro Advisors LLC. View Insider Buying and Selling for Mercadolibre.

MELI stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Schroder Investment Management Group, Capital World Investors, Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., ARK Investment Management LLC and Echo Street Capital 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 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 $742.74.

Mercadolibre has a market capitalization of $36.92 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 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]