NASDAQ:MELI - Mercadolibre Stock Price, Forecast & News

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

Mercadolibre Inc (NASDAQ:MELI) announced its quarterly earnings data on Thursday, October, 31st. The company reported ($2.96) EPS for the quarter, missing the consensus estimate of $0.01 by $2.97. The firm had revenue of $603.03 million for the quarter, compared to analyst estimates of $588.23 million. Mercadolibre had a negative net margin of 5.87% and a negative return on equity of 1.29%. The firm's revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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.

19 analysts have issued twelve-month target prices for Mercadolibre's shares. Their forecasts range from $340.00 to $800.00. On average, they expect Mercadolibre's stock price to reach $670.17 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Price Targets for Mercadolibre.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercadolibre in the last year. There are currently 1 sell rating, 5 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercadolibre.

Media coverage about MELI stock has been trending extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press 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 five, with scores closest to five being the most favorable. Mercadolibre earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Mercadolibre.

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

Some companies that are related to Mercadolibre include Fidelity National Information Servcs (FIS), Global Payments (GPN), NetEase (NTES), Pinduoduo (PDD), Worldpay (WP), eBay (EBAY), FleetCor Technologies (FLT), CoStar Group (CSGP), Total System Services (TSS), Msci (MSCI), Ctrip.Com International (CTRP), Trip.com Group (TCOM), Akamai Technologies (AKAM), Broadridge Financial Solutions (BR) 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), Alphabet (GOOG), Netflix (NFLX), Shopify (SHOP), Baidu (BIDU), Vertex Pharmaceuticals (VRTX), Walt Disney (DIS) and Intuitive Surgical (ISRG).

Mercadolibre's stock is owned by many different of retail and institutional investors. Top institutional investors include Verde Servicos Internacionais S.A. (0.23%), JGP Global Gestao de Recursos Ltda. (0.19%), Coronation Fund Managers Ltd. (0.13%), Hillman Co. (0.11%), DAVENPORT & Co LLC (0.08%) and BW Gestao de Investimentos Ltda. (0.07%). 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 DAVENPORT & Co LLC, Hillman Co., JGP Global Gestao de Recursos Ltda., Gateway Investment Advisers LLC, Howland Capital Management LLC, B & T Capital Management DBA Alpha Capital Management, Landsberg Bennett & Dubbaneh LLC and Eqis Capital Management Inc.. View Insider Buying and Selling for Mercadolibre.

MELI stock was bought by a variety of institutional investors in the last quarter, including BW Gestao de Investimentos Ltda., Coronation Fund Managers Ltd., DNB Asset Management AS, Verde Servicos Internacionais S.A., Global Thematic Partners LLC, Sciencast Management LP, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund and AE Wealth 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 $660.58.

Mercadolibre has a market capitalization of $32.84 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]