MercadoLibre, Inc. (NASDAQ:MELI) Receives $2,842.94 Average PT from Brokerages

MercadoLibre, Inc. (NASDAQ:MELI) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $2,842.9412.

Several equities analysts have commented on MELI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Barclays lifted their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Susquehanna decreased their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. Finally, Wedbush dropped their price target on shares of MercadoLibre from $2,800.00 to $2,700.00 and set an “outperform” rating for the company in a research note on Friday, December 19th.

Insider Buying and Selling

In other news, Director Henrique Vasoncelos Dubugras sold 845 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stelleo Tolda sold 246 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2,047.88, for a total value of $503,778.48. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,136 shares of company stock valued at $2,308,788 in the last three months. Insiders own 0.25% of the company’s stock.

Institutional Trading of MercadoLibre

Institutional investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP bought a new position in MercadoLibre during the 1st quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $29,000. Saudi Central Bank bought a new position in MercadoLibre during the first quarter worth $35,000. Steigerwald Gordon & Koch Inc. acquired a new position in MercadoLibre in the third quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in MercadoLibre during the third quarter valued at $35,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,973.70 on Monday. The firm’s fifty day moving average price is $2,076.67 and its two-hundred day moving average price is $2,263.31. The stock has a market cap of $100.07 billion, a PE ratio of 48.16, a PEG ratio of 1.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre has a fifty-two week low of $1,723.90 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The firm had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.83 earnings per share. On average, equities analysts expect that MercadoLibre will post 43.96 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.