Mercadolibre (NASDAQ:MELI) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $405.00 target price on the stock, down from their previous target price of $425.00. Stifel Nicolaus’ target price indicates a potential upside of 0.01% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Piper Jaffray Companies lifted their target price on Mercadolibre from $268.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Citigroup cut Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a report on Wednesday, December 20th. Goldman Sachs Group reiterated a “neutral” rating and issued a $378.00 target price (up previously from $222.00) on shares of Mercadolibre in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded Mercadolibre from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Mercadolibre has a consensus rating of “Buy” and a consensus target price of $330.98.
Mercadolibre (MELI) opened at $404.97 on Thursday. The company has a market capitalization of $17,945.99, a P/E ratio of 1,265.53 and a beta of 2.07. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.96. Mercadolibre has a 1-year low of $203.36 and a 1-year high of $417.91.
Mercadolibre (NASDAQ:MELI) last announced its earnings results on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million during the quarter, compared to analysts’ expectations of $404.74 million. Mercadolibre had a return on equity of 26.75% and a net margin of 0.99%. research analysts forecast that Mercadolibre will post 2.4 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Carmignac Gestion boosted its holdings in Mercadolibre by 6.3% during the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after acquiring an additional 144,451 shares during the period. Ameriprise Financial Inc. boosted its holdings in Mercadolibre by 14.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock valued at $266,559,000 after acquiring an additional 126,452 shares during the period. Jennison Associates LLC boosted its holdings in Mercadolibre by 9.4% during the 4th quarter. Jennison Associates LLC now owns 831,137 shares of the company’s stock valued at $261,526,000 after acquiring an additional 71,206 shares during the period. Capital International Investors boosted its holdings in Mercadolibre by 0.5% during the 3rd quarter. Capital International Investors now owns 722,239 shares of the company’s stock valued at $187,009,000 after acquiring an additional 3,441 shares during the period. Finally, Whale Rock Capital Management LLC boosted its holdings in Mercadolibre by 79.7% during the 4th quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock valued at $105,046,000 after acquiring an additional 148,085 shares during the period. Institutional investors own 92.19% of the company’s stock.
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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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