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 for the quarter, missing analysts' consensus estimates of $0.01 by $2.97. The company earned $603.03 million during the quarter, compared to analyst estimates of $588.23 million. Mercadolibre had a negative return on equity of 1.29% and a negative net margin of 5.87%. The company's revenue was up 69.7% on a year-over-year basis. During the same period in the prior year, the company posted ($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.

18 brokerages have issued 1 year target prices for Mercadolibre's shares. Their forecasts range from $340.00 to $800.00. On average, they expect Mercadolibre's share price to reach $664.88 in the next year. This suggests a possible upside of 1.0% from the stock's current price. View Analyst Price Targets for Mercadolibre.

18 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 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercadolibre.

Press coverage about MELI stock has trended negative on Wednesday, InfoTrie reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercadolibre earned a coverage optimism score of -2.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Mercadolibre.

Mercadolibre saw a decrease in short interest during the month of 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 volume of 470,800 shares, the short-interest ratio is currently 3.1 days. Currently, 3.2% of the company's shares are short sold. View Mercadolibre's Current Options Chain.

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

Mercadolibre's stock is owned by a number of of retail and institutional investors. Top institutional investors include Verde Servicos Internacionais S.A. (0.23%), Coronation Fund Managers Ltd. (0.13%), Hillman Co. (0.11%), BW Gestao de Investimentos Ltda. (0.07%), DNB Asset Management AS (0.04%) and Global Thematic Partners LLC (0.02%). 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 Hillman Co., Gateway Investment Advisers LLC, B & T Capital Management DBA Alpha Capital Management, IFM Investors Pty Ltd, Alpha Cubed Investments LLC, Janney Montgomery Scott 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., 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 $658.46.

Mercadolibre has a market capitalization of $32.73 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]