BidaskClub upgraded shares of Mercadolibre (NASDAQ:MELI) from a buy rating to a strong-buy rating in a research report sent to investors on Friday, January 5th.
Several other brokerages also recently weighed in on MELI. Deutsche Bank set a $335.00 target price on Mercadolibre and gave the company a hold rating in a research note on Thursday, January 4th. Citigroup downgraded Mercadolibre from a neutral rating to a sell rating and set a $230.00 target price on the stock. in a research note on Wednesday, December 20th. Piper Jaffray Companies boosted their price objective on Mercadolibre from $268.00 to $330.00 and gave the stock an overweight rating in a research note on Wednesday, December 13th. Stifel Nicolaus reissued a buy rating and issued a $275.00 price objective on shares of Mercadolibre in a research note on Wednesday, October 4th. Finally, Goldman Sachs Group reissued a neutral rating and issued a $215.00 price objective on shares of Mercadolibre in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Mercadolibre has a consensus rating of Buy and a consensus target price of $276.98.
Shares of Mercadolibre (NASDAQ:MELI) traded up $21.80 on Friday, hitting $381.86. The stock had a trading volume of 926,867 shares, compared to its average volume of 599,109. The firm has a market cap of $16,860.00, a price-to-earnings ratio of 126.86, a price-to-earnings-growth ratio of 5.02 and a beta of 2.05. Mercadolibre has a one year low of $180.22 and a one year high of $383.69. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results 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 business had revenue of $370.66 million for the quarter, compared to the consensus estimate of $347.29 million. Mercadolibre had a return on equity of 25.65% and a net margin of 7.46%. The business’s revenue was up 60.6% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. sell-side analysts forecast that Mercadolibre will post 2.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were paid a $0.15 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.16%. Mercadolibre’s dividend payout ratio (DPR) is currently 19.93%.
In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the stock in a transaction on Monday, November 27th. The shares were purchased at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of 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 filing with the SEC, which is available through this link. Insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC acquired a new stake in shares of Mercadolibre in the third quarter worth about $104,000. Smithfield Trust Co. lifted its position in shares of Mercadolibre by 1,025.0% in the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after buying an additional 410 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Mercadolibre by 18.4% in the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after buying an additional 80 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Mercadolibre in the second quarter worth about $146,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Mercadolibre in the second quarter worth about $198,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.
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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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