MercadoLibre (NASDAQ:MELI - Get Free Report) had its price target hoisted by investment analysts at Susquehanna from $2,350.00 to $2,760.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's target price points to a potential upside of 22.17% from the stock's previous close.
MELI has been the topic of a number of other reports. Morgan Stanley dropped their price objective on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research note on Tuesday, January 21st. Citigroup decreased their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday. Finally, New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $2,320.31.
View Our Latest Analysis on MercadoLibre
NASDAQ MELI traded up $148.76 during trading on Friday, hitting $2,259.23. 393,979 shares of the company traded hands, compared to its average volume of 340,704. MercadoLibre has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The business has a fifty day simple moving average of $1,858.57 and a 200 day simple moving average of $1,952.94. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $114.54 billion, a P/E ratio of 79.71, a PEG ratio of 1.10 and a beta of 1.62.
MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 40.71% and a net margin of 7.57%. As a group, sell-side analysts predict that MercadoLibre will post 32.98 EPS for the current year.
In other news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now owns 238 shares of the company's stock, valued at $472,425.24. This represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in MELI. Capital International Investors lifted its stake in shares of MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after purchasing an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD raised its stake in MercadoLibre by 41.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after buying an additional 405,425 shares during the period. Wealthfront Advisers LLC acquired a new stake in MercadoLibre during the 4th quarter worth $565,306,000. Capital World Investors raised its stake in MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company's stock worth $2,667,386,000 after buying an additional 308,973 shares during the period. Finally, International Assets Investment Management LLC raised its stake in MercadoLibre by 205,108.3% during the 3rd quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock worth $509,506,000 after buying an additional 248,181 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.
MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
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