Cowen reaffirmed their hold rating on shares of MercadoLibre (NASDAQ:MELI) in a report released on Tuesday morning. Cowen currently has a $373.00 price target on the stock.
Several other equities research analysts also recently commented on MELI. Citigroup downgraded MercadoLibre from a neutral rating to a sell rating and set a $230.00 target price on the stock. in a report on Wednesday, December 20th. Deutsche Bank set a $335.00 target price on MercadoLibre and gave the company a hold rating in a report on Thursday, January 4th. BidaskClub upgraded MercadoLibre from a buy rating to a strong-buy rating in a report on Friday, January 5th. Credit Suisse Group reiterated an outperform rating and set a $385.00 target price (up from $380.00) on shares of MercadoLibre in a report on Monday, January 8th. Finally, Zacks Investment Research upgraded MercadoLibre from a strong sell rating to a hold rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $341.12.
MercadoLibre stock opened at $337.54 on Tuesday. The stock has a market capitalization of $14,253.11, a PE ratio of 127.08 and a beta of 2.07. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.96. MercadoLibre has a 12 month low of $217.06 and a 12 month 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 consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million for the quarter, compared to analysts’ expectations of $404.74 million. MercadoLibre had a net margin of 0.99% and a return on equity of 26.75%. equities analysts forecast that MercadoLibre will post 1.85 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of MELI. Dumac Inc. grew its stake in 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 in the last quarter. Financial Gravity Companies Inc. acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $140,000. Elkfork Partners LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $185,000. Green Square Capital LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $200,000. Finally, Kovack Advisors Inc. acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $202,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.
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MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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