Wall Street analysts expect that Mercadolibre Inc (NASDAQ:MELI) will report sales of $414.35 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mercadolibre’s earnings, with the lowest sales estimate coming in at $408.50 million and the highest estimate coming in at $420.20 million. Mercadolibre posted sales of $273.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 51.3%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Mercadolibre will report full year sales of $414.35 million for the current fiscal year, with estimates ranging from $1.90 billion to $2.11 billion. For the next year, analysts anticipate that the company will post sales of $2.90 billion per share, with estimates ranging from $2.81 billion to $3.04 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Mercadolibre.
A number of analysts recently weighed in on MELI shares. BidaskClub raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research raised shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 target price on the stock in a report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $415.00 target price (up previously from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. Deutsche Bank set a $335.00 target price on shares of Mercadolibre and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $378.00 target price (up previously from $222.00) on shares of Mercadolibre in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $322.41.
In related news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $2,744,700. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Toronto Dominion Bank grew its holdings in shares of 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 purchasing an additional 80 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Mercadolibre by 2.2% during the 4th quarter. Eqis Capital Management Inc. now owns 7,065 shares of the company’s stock valued at $2,223,000 after purchasing an additional 153 shares during the last quarter. Parametrica Management Ltd grew its holdings in shares of Mercadolibre by 17.9% during the 4th quarter. Parametrica Management Ltd now owns 1,214 shares of the company’s stock valued at $382,000 after purchasing an additional 184 shares during the last quarter. Dumac Inc. grew its holdings in shares of Mercadolibre by 105.6% during the 4th quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after purchasing an additional 190 shares during the last quarter. Finally, Pier 88 Investment Partners LLC grew its holdings in shares of Mercadolibre by 10.7% during the 4th quarter. Pier 88 Investment Partners LLC now owns 2,020 shares of the company’s stock valued at $636,000 after purchasing an additional 195 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mercadolibre (NASDAQ MELI) traded up $17.76 during mid-day trading on Wednesday, hitting $387.26. 1,937,462 shares of the company were exchanged, compared to its average volume of 642,993. The stock has a market cap of $17,920.00, a PE ratio of 1,249.23, a P/E/G ratio of 4.84 and a beta of 2.15. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Mercadolibre has a 12 month low of $190.07 and a 12 month high of $395.67.
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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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