Wedbush Predicts MercadoLibre's Q1 Earnings (NASDAQ:MELI)

MercadoLibre, Inc. (NASDAQ:MELI - Free Report) - Equities research analysts at Wedbush lowered their Q1 2025 earnings per share estimates for MercadoLibre in a research note issued to investors on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the company will post earnings of $6.00 per share for the quarter, down from their previous estimate of $7.29. Wedbush currently has a "Outperform" rating and a $2,100.00 target price on the stock. The consensus estimate for MercadoLibre's current full-year earnings is $33.70 per share. Wedbush also issued estimates for MercadoLibre's Q2 2025 earnings at $8.18 EPS, Q4 2025 earnings at $14.39 EPS and FY2026 earnings at $59.20 EPS.

MELI has been the topic of a number of other research reports. Cantor Fitzgerald cut their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Morgan Stanley lowered their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Citigroup cut their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. dropped their target price on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Bank of America raised their price target on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the company a "buy" rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,247.67.

MercadoLibre Stock Down 1.8 %

Shares of NASDAQ MELI traded down $32.22 during mid-day trading on Wednesday, hitting $1,739.00. 388,317 shares of the stock traded hands, compared to its average volume of 394,657. The stock has a fifty day moving average price of $1,889.35 and a 200-day moving average price of $1,898.75. The company has a market cap of $88.16 billion, a price-to-earnings ratio of 61.36, a PEG ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre has a 52 week low of $1,324.99 and a 52 week high of $2,161.73.

Hedge Funds Weigh In On MercadoLibre

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of MercadoLibre in the third quarter valued at $114,417,000. KBC Group NV increased its stake in MercadoLibre by 205.5% during the third quarter. KBC Group NV now owns 26,279 shares of the company's stock worth $53,923,000 after acquiring an additional 17,677 shares during the last quarter. Principal Financial Group Inc. raised its position in MercadoLibre by 20.9% during the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock valued at $121,948,000 after purchasing an additional 10,272 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of MercadoLibre by 40.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company's stock valued at $5,598,000 after purchasing an additional 780 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of MercadoLibre by 143.7% in the 2nd quarter. Caprock Group LLC now owns 580 shares of the company's stock worth $955,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

Insider Activity

In other news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now directly owns 238 shares in the company, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

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.