MercadoLibre, Inc. (NASDAQ:MELI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of MercadoLibre, Inc. (NASDAQ:MELI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $1,881.92.

A number of equities research analysts have recently weighed in on MELI shares. New Street Research lowered shares of MercadoLibre from a "buy" rating to a "neutral" rating in a research note on Friday, May 24th. Citigroup lowered their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating for the company in a research report on Wednesday, March 27th. StockNews.com cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. UBS Group lowered their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. Finally, DZ Bank raised shares of MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 price target for the company in a research report on Tuesday, April 23rd.

MercadoLibre Trading Down 1.1 %

MercadoLibre stock traded down $18.07 during trading hours on Thursday, reaching $1,660.89. The stock had a trading volume of 250,630 shares, compared to its average volume of 378,121. The stock has a market cap of $84.21 billion, a PE ratio of 74.12, a PEG ratio of 1.20 and a beta of 1.60. MercadoLibre has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. The company has a fifty day simple moving average of $1,605.20 and a 200-day simple moving average of $1,606.76.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts' consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The company's revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.97 EPS. Analysts forecast that MercadoLibre will post 33.81 EPS for the current fiscal year.

Institutional Trading of MercadoLibre

Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its position in MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company's stock valued at $3,243,832,000 after buying an additional 236,744 shares during the period. WCM Investment Management LLC grew its position in MercadoLibre by 74.8% during the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company's stock valued at $1,838,964,000 after buying an additional 497,535 shares during the period. Capital International Investors grew its position in MercadoLibre by 0.4% during the fourth quarter. Capital International Investors now owns 1,037,070 shares of the company's stock valued at $1,630,740,000 after buying an additional 4,317 shares during the period. Capital World Investors grew its position in MercadoLibre by 12.7% during the first quarter. Capital World Investors now owns 845,749 shares of the company's stock valued at $1,278,738,000 after buying an additional 95,029 shares during the period. Finally, GQG Partners LLC grew its position in MercadoLibre by 442.2% during the first quarter. GQG Partners LLC now owns 794,782 shares of the company's stock valued at $1,201,679,000 after buying an additional 648,198 shares during the period. 87.62% of the stock is currently owned by institutional investors.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.