BidaskClub upgraded shares of Mercadolibre (NASDAQ:MELI) from a buy rating to a strong-buy rating in a research note released on Friday, January 5th.
Several other analysts have also commented on the company. Deutsche Bank set a $335.00 price objective on Mercadolibre and gave the company a hold rating in a report on Thursday, January 4th. Goldman Sachs Group reissued a neutral rating and issued a $215.00 price objective on shares of Mercadolibre in a report on Tuesday, October 3rd. Barclays lowered their price target on Mercadolibre from $275.00 to $250.00 and set an overweight rating on the stock in a research note on Monday, October 30th. Citigroup lowered Mercadolibre from a neutral rating to a sell rating and set a $230.00 price target on the stock. in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $275.00 price target on shares of Mercadolibre in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $276.98.
Mercadolibre (NASDAQ MELI) traded up $0.45 during trading on Friday, reaching $342.47. The company’s stock had a trading volume of 305,275 shares, compared to its average volume of 497,048. Mercadolibre has a 52 week low of $172.85 and a 52 week high of $344.52. The stock has a market capitalization of $15,102.70, a PE ratio of 113.78, a PEG ratio of 4.77 and a beta of 2.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.07. The firm had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The company’s revenue for the quarter was up 60.6% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. equities research analysts predict that Mercadolibre will post 2.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 annualized dividend and a yield of 0.18%. Mercadolibre’s payout ratio is 19.93%.
In related news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $2,744,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.36% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MELI. Fieldpoint Private Securities LLC purchased a new stake in Mercadolibre during the 3rd quarter valued at approximately $104,000. Smithfield Trust Co. raised its stake in Mercadolibre by 1,025.0% during the 3rd quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after acquiring an additional 410 shares during the last quarter. Toronto Dominion Bank raised its stake in Mercadolibre by 18.4% during the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock valued at $129,000 after acquiring an additional 80 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Mercadolibre during the 2nd quarter valued at approximately $146,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Mercadolibre during the 2nd quarter valued at approximately $198,000. 89.44% of the stock is owned by hedge funds and other institutional investors.
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Mercadolibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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