BidaskClub downgraded shares of MercadoLibre (NASDAQ:MELI) from a sell rating to a strong sell rating in a report published on Thursday.
A number of other research firms also recently issued reports on MELI. Stifel Nicolaus downgraded shares of MercadoLibre from a buy rating to a hold rating and decreased their price target for the company from $425.00 to $405.00 in a research note on Thursday, March 15th. TheStreet downgraded shares of MercadoLibre from a b rating to a c rating in a research note on Friday, February 23rd. Zacks Investment Research raised shares of MercadoLibre from a hold rating to a buy rating and set a $433.00 price target on the stock in a research note on Wednesday, January 31st. ValuEngine raised shares of MercadoLibre from a hold rating to a buy rating in a research note on Thursday, March 1st. Finally, Piper Jaffray Companies reaffirmed an overweight rating and set a $415.00 price target on shares of MercadoLibre in a research note on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $342.55.
MercadoLibre opened at $295.37 on Thursday, MarketBeat reports. The firm has a market cap of $13.04 billion, a P/E ratio of 116.75 and a beta of 2.08. The company has a current ratio of 1.18, a quick ratio of 1.33 and a debt-to-equity ratio of 1.25. MercadoLibre has a 52-week low of $217.06 and a 52-week high of $417.91.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). The business had revenue of $436.98 million for the quarter, compared to analysts’ expectations of $404.74 million. MercadoLibre had a negative net margin of 3.30% and a positive return on equity of 13.98%. equities research analysts predict that MercadoLibre will post 1.29 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of MercadoLibre by 9.4% in the fourth 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. Asset Management One Co. Ltd. raised its stake in shares of MercadoLibre by 50.5% in the first quarter. Asset Management One Co. Ltd. now owns 350,613 shares of the company’s stock valued at $124,955,000 after acquiring an additional 117,698 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of MercadoLibre by 79.7% in the fourth 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. Dynamo Administracao de Recursos Ltda. purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $98,072,000. Finally, WCM Investment Management CA raised its stake in shares of MercadoLibre by 2.7% in the first quarter. WCM Investment Management CA now owns 249,441 shares of the company’s stock valued at $88,898,000 after acquiring an additional 6,536 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.
MercadoLibre Company Profile
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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